Market Chatter: Alibaba Chairman Says Asian Companies Could Grow Outside of US

MT Newswires Live
26 May

Alibaba (HKG:9988) Chairman Joe Tsai said Asian firms could leverage opportunities within Asia and Europe as uncertainty with US-China relations persist, Bloomberg News reported Saturday.

During his talk at a tech conference in Macau on the same day, Tsai slammed "some governments" who have attempted to destroy bridges between Asia and and the rest of the world, but stopped short at saying which administrations he was alluding to, Bloomberg said.

Tsai said there is a lot of opportunity for Asian businesses in Europe as they are more nuanced compared with Americans who tend to be more "black and white," according to Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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