The Dow Jones Industrial Average has lost more than 300 points in a matter of hours as traders scramble to keep up with market moves
As the Dow Jones industrial average climbed above 20,000 for the first time since 2009, investors and analysts alike raced to keep track of what the markets were thinking, with a lot of the chatter centering around the idea that China is starting to re-emerge as the global leader in tech.
And, if you’re still reading this, you might be wondering, what’s the deal with all that chatter?
Here’s everything you need to know about China’s tech and tech jobs.
Who is Alibaba and what’s going on?
Alibaba, the Chinese e-commerce giant, is one of the most well-known and widely followed tech companies.
In fact, according to a report from the World Economic Forum, the company’s revenue in China grew by 11.7% in 2015.
The company is one big player in China’s growing technology sector, which has seen its share of the country’s GDP increase by roughly 30% since 2012.
In its 2016 IPO, Alibaba announced plans to create a $2 trillion Chinese technology powerhouse.
But now Alibaba is in the midst of an expansion, and the company has announced a series of layoffs.
On Wednesday, Alibaba said that it would be laying off more than 1,000 people.
What’s going to happen to the stock?
If you’re an investor in Alibaba, you’re probably wondering if you should hold your stock.
Alibaba stock is trading around $12.50 right now, but the stock is up nearly 90% in the last year.
Alibaba shares are up around 75% since the end of 2016.
That’s a lot, especially for a company that hasn’t made much of an impact in China.
In 2018, Alibaba raised $18 billion from the Chinese government and has been selling stock on the open market since.
It’s not clear what Alibaba’s plans for the next year are, but you can bet that it’s going after the biggest, most profitable business in China: e-tailers.
How big are Alibaba’s e-tailing businesses?
According to Bloomberg, Alibaba’s Alibaba e-Tailing (AT) group has more than 30 million active customers in China, and according to an analyst at Citigroup, it’s likely to be the largest e-tails company in the world.
So Alibaba is obviously going after those customers, and Alibaba has been investing in e-banking and e-payment systems.
What are Alibaba Pay and Alibaba Wallet?
Albatross Pay is a mobile wallet, which allows users to pay for goods with their smartphones.
Alibaba Pay lets you pay for things like groceries, rent or travel with just your phone.
Alibaba Wallet lets you buy things like airline tickets or hotel stays with just a credit card.
Alibaba also recently unveiled Alibaba Pay in Hong Kong.
What happens if you lose your wallet?
If a customer loses their wallet, you can’t get it back by calling Alibaba Pay support and asking to get a replacement.
Instead, the wallet is lost.
But the company says that it has an automated process that will send a replacement to a customer who has the same wallet, with no fee or delay.
What do you get when you buy something with Alibaba Pay?
Albion Pay is available in many different payment methods, including cash, MasterCard, Visa, and Discover.
And Alibaba Pay is also available for the Apple Watch, Apple Pay, and Android Wear devices.
How does Alibaba pay for my car?
Albonis Pay allows customers to pay a car rental company with just their phone.
It allows car owners to rent cars from one of Alibaba’s vehicles.
And if you have a car with Alibaba’s Pay app, you’ll be able to buy gas from one car rental agency with your phone and get a discounted rate.
How do I pay my phone bill with Alibaba?
If your phone bill doesn’t come from Alibaba Pay, you have options.
You can use your credit card and pay your bill using cash.
Or you can use Alibaba Pay on your Apple Watch and swipe your credit or debit card.
How will Alibaba pay the cost of my car rental?
Alphabet and Alibaba are both big players in mobile payments.
And in 2017, Alibaba launched a mobile payment service called Taobao, which lets users pay with their phones.
This service is now available in more than 70 countries, including the United States.
What about my Uber fare?
In 2018, Uber announced that it was buying a fleet of Lyft vehicles, which it plans to replace with its own fleet of cars.
But if you want to use Uber, you need a ride-sharing service, which means you’re going to have to pay an upfront fee, a little bit of cash, and a little time.
How much does that cost?
According, Uber’s CEO Travis Kalanick told Bloomberg that the upfront fee is $1.5 million per car, which includes all the fuel, maintenance, and insurance costs that you would normally have to fork over to your