Alibaba’s Taobao Maker Festival is being held against a backdrop of economic headwinds. Photo: SCMP/ Tracy Qu
Alibaba’s Taobao Maker Festival is being held against a backdrop of economic headwinds. Photo: SCMP/ Tracy Qu
Alibaba

Beijing reaffirms message of support for Big Tech as Alibaba’s Taobao Maker festival showcases merchants betting on new consumer trends

  • Positive message from State Council meeting boosted investor morale in Hong Kong despite no specific details on the measures
  • Promise of more support comes after both Alibaba and internet giant Tencent have cut thousands of jobs this year

Alibaba’s Taobao Maker Festival is being held against a backdrop of economic headwinds. Photo: SCMP/ Tracy Qu
Alibaba’s Taobao Maker Festival is being held against a backdrop of economic headwinds. Photo: SCMP/ Tracy Qu
READ FULL ARTICLE