(ANSA) – BEIJING, DECEMBER 24 – The Chinese antitrust authorities have launched an investigation into Alibaba Group for “suspected monopolistic practices”. This was reported by the State Administration for Market Regulation, officially targeting the e-commerce giant co-founded by Jack Ma.
Financial regulators will also hold “supervision and guidance” talks with Ant Group, Alibaba’s fintech company, a few weeks after Beijing’s last-minute IPO stop.
Alibaba immediately collapses on the Hong Kong Stock Exchange and in the early stages it drops 5.48%, to Hk $ 234.80: (ANSA)
REPRODUCTION RESERVED © Copyright ANSA