- Alibaba Group Holding Ltd's BABA VP of technology, Jia Yangqing, clarified that he did not resign from the company and had traveled from Shanghai to the U.S. to see a doctor, Global Times reports.
- Jia traveled from Shanghai to California, the U.S., in the middle of the night because of the situation in Shanghai.
- Jia criticized Shanghai's epidemic prevention policies describing how he used his connections to get a pass to fly to the U.S. overnight.
- Also Read: Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees
- Jia's mockery of Shanghai's epidemic prevention policies and use of connections to fly to the U.S. drew a massive backlash from netizens. It became one of the top trending topics on China's Twitter Inc TWTR-like social media, Weibo Corp WB Sina Weibo.
- Yangqing is the former Facebook rebranded as Meta Platforms Inc FB artificial intelligence scientist and joined Alibaba in 2019.
- Price Action: BABA shares traded lower by 4.06% at $95.97 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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