Shopify, PDD, Alibaba, JD.com and MercadoLibre have been highlighted in this Investment Ideas article.
Jack Ma has urged Alibaba to “change and reform” as the ecommerce giant he founded tries to find a new path after abandoning parts of its ambitious restructuring plan and its main Chinese rival gains ground. “I firmly believe that Alibaba will change and reform,” Ma wrote in a post published on Alibaba’s internal forum on Wednesday and seen by the Financial Times. “I believe that Alibaba employees are always watching and listening,” he said.
** Online luxury retailer Farfetch's founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday. ** RWE is open to talks about a potential divestment of its 25.1% stake in high-voltage transmission grid operator Amprion, its finance chief said on Tuesday, adding there was no need to take action as the group was satisfied with its investment. ** Hospital and pharmacy operator Aster DM Healthcare said it would sell its stake in its Gulf business to Alpha GCC Holdings for $1.01 billion as it looks to separate its businesses in India and the Middle East.