Alibaba Gained Sharply after Founder Jack Ma appeared for the first time on Sunday since criticising the government in October 2020 and after the company released a new chip that will challenge Amazon's cloud business.
Chinese investors extended a selloff Monday over ongoing concerns that Beijing wants to increase regulation hurdles to business. Alibaba and other internet giants targeted by officials underperformed.
Microsoft lost the $10 billion JEDI contract when the U.S. Department of Defense cancelled the project. Will Microsoft team up with Amazon to make its replacement?
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