Jack Ma’s minute-long video appearance last week gave Alibaba Group Holding Ltd. a much-needed reprieve after months of speculation over the extent to which Beijing will pursue China’s largest online retailer.

But that tonic didn’t last long, as investors returned to grappling with the same questions that had already wiped $150 billion off the firm’s market value.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.