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China s Alibaba promises to make life easier for smaller firms | Business and Economy News

Hong Kong stocks fall as tech, consumer firms weigh

HSI -0.9%, HSCE -0.9%, CSI300 -1.7% FTSE China A50 -1.2% April 12 (Reuters) - Hong Kong stocks fell on Monday, tracking losses in the A-share market, as latest data pointed to signs of liquidity tightening on the mainland. At the close of trade, the Hang Seng index was down 245.52 points, or 0.86%, at 28,453.28. The Hang Seng China Enterprises index fell 0.93% to 10,874.83. Falling the most, the Hang Seng tech index and the Hang Seng consumer discretionary index dropped 1.6% and 2%. China’s outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, rose 12.3% to 294.55 trillion yuan ($44.95 trillion) at the end of March from a year earlier, the central bank said on Monday.

Alibaba Says Lower Entry Barriers After Record Antitrust Fine, Shares Rally

China's Alibaba does not expect any material impact from changes to its exclusivity arrangements with merchants, CEO Daniel Zhang said on Monday, after regulators fined the e-commerce giant a record $2.75 billion for abusing its market dominance.

Alibaba shares jump in Hong Kong after record antitrust fine by China

Shares of Alibaba Group Holdings Ltd. surged more than 5% Monday in Hong Kong trading, after the e-commerce giant was fined a record $2.8 billion by China s.

Alibaba shrugs off $2 75 billion antitrust fine, shares rally - Netscape Money & Business

Alibaba shrugs off $2 75 billion antitrust fine, shares rally - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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