Alibaba hasn’t hit bottom yet: Barron’s

The reasons the weekly financial newspaper gave for the dour outlook: China's struggling economy, increasing competition in e-commerce and more scrutiny of the company's culture and governance. Alibaba spokesman Bob Christie said the article “contains factual inaccuracies and selective use of information, and the conclusions the reporter draws are misleading.” The company has posted on the internet a letter to Barron's editor complaining about the story.

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Google hires Truecar’s Krafcik to head its driverless car unit

(Reuters) – Google Inc said it named auto industry veteran John Krafcik as chief executive of its self-driving car project from late September. With the hiring of Krafcik, currently the president of automotive pricing terminal Truecar Inc and a former CEO of Hyundai Motors America, Google is starting to look at the project as a potential and relevant business in the near future. Chris Urmson, who has been head of the self-driving car program since 2009, will continue overseeing the project as its technical lead, the company said in an emailed statement

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Alibaba drop leaves stock pennies above IPO price

By Noel Randewich SAN FRANCISCO (Reuters) – Shares of Alibaba Group Holding Ltd fell 3 percent on Friday and were perilously close to breaking below the price set in the largest IPO in history as fears of a China-led global slowdown rattled investors. A potential move below $68 would make China's largest e-commerce firm the second high-profile tech company to fall below its IPO price this week after Twitter Inc on Thursday dropped below its 2013 IPO price.

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Half a century on, carnage in Charleston resonates in the South

A half century ago in this deeply southern city, a racially motivated attack on a black church left four young girls dead and helped galvanize a civil rights movement that changed voting laws across the United States. For those with ties to that deadly event, Wednesday’s shootings in a historic black church in Charleston, South Carolina, another deeply southern city 400 miles (644 km) distant, echoed the tragedy and compounded the frustration that more progress has not been made. “It definitely brought back memories,” said Lisa McNair, 50, the niece of one of the girls who died in the 1963 bombing of the 16th Street Baptist Church, which happened before McNair was even born.

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Chinese government deals help nurse Alibaba’s bottom dog cloud business

By Paul Carsten and John Ruwitch SHANGHAI/BEIJING (Reuters) – E-commerce giant Alibaba Group Holding Ltd is an underdog in the global cloud computing industry, but it has one thing going for it: it's Chinese. Alibaba this week scored a minor deal with China's northeastern port city of Dalian to build a cloud computing center and provide online government services such as bill payment

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Under fire from U.S. group, Alibaba says fighting counterfeit goods

By Paul Carsten BEIJING (Reuters) – Alibaba Group Holding Ltd said it had a range of measures to fight counterfeits on its websites – remarks that come after a trade group requested U.S. government help in prodding the Chinese e-commerce giant into action against fake goods. In the latest flare up over the issue, the American Apparel & Footwear Association (AAFA) said in an April 8 letter to U.S

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