Alibaba

Alibaba Shares Rally As Jack Ma Resurfaces After 3-Month Absence

Alibaba’s US-traded ADRs are rising in premarket trade on Wednesday after co-founder and chairman Jack Ma, one of the richest men in China, finally resurfaced after months of radio silence that sparked speculation about whether he had been “detained” by CCP authorities. ADRs were up 7.7% to $271 at 0411ET, while Alibaba’s Hong Kong-traded shares…

Beijing Orders "Severe And Unusual" Media Censorship Of Alibaba Anti-Trust Probe

Despite claims that China’s richest man is alive and well and merely “laying low” (reminder – Jack Ma has not been seen in public since he made a speech criticizing the country’s state-owned banks and financial regulators in October), speculation about his whereabouts grows as China’s government has told the country’s media to censor reporting…

China Launches "Monopoly" Probe Into Alibaba, Summons Ma Over Ant Group Practices

Update: The hits keep coming for Jack Ma as China has formally kicked off an investigation into alleged monopolistic practices at Alibaba Group Holding Ltd., escalating a campaign of scrutiny over the country’s internet giants. According to a statement by the regulator: Recently, the State Administration of Market Supervision, based on reports, filed investigations into Alibaba Group Holdings…