Shares of Alibaba Group Holding Ltd - ADR (NYSE: BABA) move up 1.10% in pre trading session on Tuesday as Daraz Group, an Alibaba-owned e-commerce platform, is reducing its workforce in the Indian subcontinent by 11% due to 'current market reality,' according to Chief Executive Officer Bjarke Mikkelsen, implying 300 job losses. According to Daraz, the layoffs will affect 3,000 full-time regional employees. The reasons for the cuts included a difficult market environment, the Ukraine crisis, supply chain disruptions, soaring inflation, higher taxes, and fewer government subsidies, according to Mikkelsen's...