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Alibaba: China's antitrust focus, collapses in Hong Kong (-9.8%)

2020-11-11T10:36:13.292Z


Alibaba is back under pressure: the world leader in e-commerce founded by Jack Ma, after the resounding rejection of the IPO of records by Beijing of its fintech Ant Group, suffers a drop of 9.8% on the Hong Kong Stock Exchange after China's St ... (ANSA)


(ANSA) - BEIJING, NOV 11 - Alibaba is back under pressure: the world leader in e-commerce founded by Jack Ma, after the appalling rejection of the IPO of the records by Beijing of its fintech Ant Group, suffers a collapse of 9, 8% in the Hong Kong Stock Exchange after the China's State Administration forMarket Regulation, the Chinese antitrust, announced the presentation of the draft of a series of guidelines "to curb monopoly behavior on online platforms".


   Heavy losses also for the rival JD.com (-9.20%) and the internet giant Tencent (-7.39%). (HANDLE).


Source: ansa

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