News Snapshot:
Alibaba falls as Chinese regulators seek to break up Alipay Alibaba falls as Chinese regulators seek to break up Alipay On Sep 14, 2021 Share Shares of Alibaba ( BABA ) – Receive a by Alibaba Group Holding Ltd. sponsored ADR report ended lower Monday after a report that Chinese regulators plan to tighten their grip on Alipay, the company’s popular payment app. Beijing is looking for a separate app for Alipay’s highly profitable lending business, which is currently managed by Alibaba founder Jack Ma’s Ant Group, according to the Financial Times. The plan will also see Ant Group convert...
