Bloomberg reports that Alibaba's value dropped by as much as 1.4% in Hong Kong, bringing its market worth to about $187 billion. If this trend continues until closing, Alibaba could lose its title as China's top ecommerce company to the rising star, Pinduoduo.

In other news, the US is accusing an individual described as an 'Indian Government Employee' of being involved in a plot to assassinate an American citizen.

On a lighter note, Microsoft's official ugly sweater for 2023 is making a statement by featuring the classic Windows XP wallpaper - Bliss.

The Signal Daily is produced in association with IVM.
The episode was researched and written by Dhruv Sharma and Anup Semwal
Edited by Shorbori
Produced by Manaswini
Mastered and mixed by Manas and Nirvaan

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