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Alibaba shares crash after China launches antitrust probe against company

Alibaba shares crash after China launches antitrust probe against company

The value of Alibaba – China’s largest online trading platform – fell by around $116 billion after China’s market regulator said it was launching an antitrust probe against the Jack Ma-owned company. Alibaba lost 9% on the Hong Kong Stock Exchange, its lowest since last June. Several analysts have linked Alibaba’s hounding with a Jack Ma speech, in which he criticized China’s financial system.

Clara
Clara
Montgomery
Montgomery 1 months

This is just game play Ccp forced the ceo out because he was popular and they couldn't have that https://www.google.com/amp/s/amp.theguardian.com/business/2019/sep/10/jack-ma-chinas-richest-man-steps-down-as-chairman-of-alibaba Now they are supposedly intervening because the firing would have created a social backslash

Mar10
Mar10 1 months

So China is 'canceling" Jack Ma because he said something they don't like? Why does it seem very familiar recently?

Rational ific
Rational ific 1 months

China is doing it for the wrong, self-serving reasons, but even so, they are doing what we should have been doing long ago with our monopolistic companies.

Arthur
Arthur 1 months

im sure thee ccp will steal it after all commies dont recognise intellectual property!

Jon
Jon 1 months

What does monopolistic control mean to the CCP? In a word "competition".

Arthur
Arthur 1 months

chinas government is its own worst enemy pooh bear outa control!

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