Chinese regulators have launched an investigation into China's biggest e-commerce giants Alibaba, cofounded by Jack Ma, who hasn't been seen since October.
Alibaba under investigation amid speculation over Jack Ma s disappearance
SatSaturday 9
updated
SunSunday 10
JanJanuary 2021 at 8:34am
Jack Ma hasn t been seen since October and his former company, Alibaba, is under investigation.
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Chinese regulators have launched an investigation into China s biggest e-commerce giant Alibaba, cofounded by Jack Ma, one of the country s richest men.
The State Market Supervision Administration issued a one-line statement on Christmas Eve that it had filed an antitrust investigation into Alibaba Group Holdings Ltd over their suspected monopolistic practices .
It also fined the company half a million yuan ($99,000) 10 days earlier for breaching anti-competition law.