Alibaba’s Ma Steps down as Industry Faces Uncertainty

Chosun Ilbo | Sep 11, 2019 at 8:13 AM
  • The company has shifted focus to serving China’s growing consumer market and expanded into online banking, entertainment and cloud computing.
  • Domestic businesses accounted for 66 percent of its $16.7 billion in revenue in the quarter ending in June.
  • Chinese retailing faces uncertainty amid a tariff war that has raised the cost of U.S. imports.