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China targets Jack Ma’s Alibaba empire in monopoly probe Bloomberg | Updated: Dec 24, 2020, 15:25 IST Alibaba co-founder Jack Ma (File photo) NEW DELHI: China kicked off an investigation into alleged monopolistic practices at Alibaba Group Holding Ltd and summoned affiliate Ant Group Co to a high-level meeting over financial regulations, escalating scrutiny over the twin pillars of billionaire Jack Maࢀ™s internet empire. The probe announced Thursday marks the formal start of the Communist Partyࢀ™s crackdown on the crown jewel of Maࢀ™s sprawling dominion, spanning everything from e-commerce to logistics and social media. The pressure on Ma is central…
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