Ant

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…