Tag Archives: Alibaba’s

‘Distorted’ private tech market valuations to see correction in next six to nine months, says Alibaba’s Joe Tsai

“Entrepreneurs [in China] had it too easy raising gigantic billion-dollar rounds of capital and multibillions in valuation,” said Tsai, in a dialogue session at a Thomson Reuters Breakingviews Predictions 2019 event on Friday. “[A correction] will happen and it’s healthy.” Tsai’s remarks have come as technology stock prices around the world took a hammering in a sell-off that started in ... Read More »