News Snapshot:
Alibaba inventory tumbles after report says Beijing desires to interrupt up Alipay 2021-09-13 16:35:56 However that wasn’t the one piece of stories that led to the inventory’s decline. Buyers are additionally involved that Beijing is intensifying its ongoing crackdown on massive tech, after regulators ordered web companies — together with Alibaba and Tencent — to cease blocking rivals’ hyperlinks on their platforms. [BABA] ) fell as a lot as 7% in Hong Kong, earlier than trimming losses to 4.2% on the shut. The inventory has shed 46% since early November 2020, when Chinese language regulators halted Ant Group’s large IPO...
