Alibaba's Jack Ma Faces Social Media Backlash

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July 16 (Bloomberg) -- Bloomberg's Mia Saini recaps the top stories in Asia on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

Let's look at the top stories in asia.

Most of yahoo's gains in the past year were driven by the appreciation of stakes in the chinese rocket plays ollie baba -- alibaba.


There is a slowdown in china.

Not in e-commerce.

They have crushed as summits in the first quarter with a tripling in earnings.

Income surging 189%. the main number investors care about, that rose 203%. increase to 1.3 billion dollars.

Yahoo holds a 23% in the company.

He made about $25 million in earnings.

Also, their other company, yahoo japan.

Have a huge market place here in china.

He started charging people.

That is giving a boost to the bottom line.

These commerce -- these numbers come as a high a potential ipo later this year.

There is a petition going on asking the chairman to apologize . he may, to about the tiananmen square crackdown.

How might this affect their prospects to go public?

It is an interesting question.

The billionaire has been asked to apologize for the comments that he actually made over the weekend.

He is suggested that the former chinese leader acted appropriately during the 1980 crackdown, were hundreds were killed.

An executive, he says he is that he make similar decisions.

They are part of china's life.

It is ingrained in it.

It is hard to read yourself him something that is engaging.

While he has been getting ahead in the short-term as relates to his presence on social media, this will not damage the company's ipo prospects.

That is what people are telling me.

All right.

Thank you.

This text has been automatically generated. It may not be 100% accurate.


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