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阿里巴巴股价暴跌 网民：马云反正对钱没兴趣 | www wenxuecity com
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The logo of Alibaba Group is seen during Alibaba Group s 11.11 Singles Day global shopping festival at the company s headquarters in Hangzhou, Zhejiang province, China, November 10, 2019. REUTERS/Aly Song
HONG KONG (Reuters Breakingviews) - Government grinches have spoiled Alibaba’s Christmas. Investors wiped about 9%, equivalent to $60 billion, off the e-commerce giant’s market value in Hong Kong morning trade after Beijing launched a formal probe into its suspected monopolistic behaviour. A posse of financial regulators are looking further into payment affiliate Ant too.
Charismatic Jack Ma, a self-made champion of small business and innovation, is popular in China, and his cult-like following may have become a political liability to the companies he founded even though he no longer has a role on the board of directors. Some concluded that the crackdown on Ant, which forced it to shelve what was expected to be a record-setting initial public offer
Xi Jinping dumps coal in Alibaba’s stocking
Some concluded that the crackdown on Ant, which forced it to shelve what was expected to be a record-setting initial public offering, was prompted by Ma’s public jeremiad in October against excessive regulation of financial technology companies. Ma is the effective controlling shareholder of Ant. Reuters December 24, 2020 / 03:00 PM IST
Xi Jinping: Considering the fact that coronavirus originated in China, Xi Jinping, the Chinese President, has been under considerable pressure to answer uncomfortable questions about the pandemic. But in China itself, reports suggest that the administration has been able to bring the spread of the virus under control using strict and authoritarian measures, which critics have said are anti-democratic in nature. Through this all, the Japan Center for Economic Research has said that China s economy is on its way to maintaining a positive year-on-year GDP