Alibaba’s shares plummeted nearly 10% within minutes of rumored reports earlier this week that a man named "Ma" had been arrested for alleged national security violations. It later turned out that "Ma" was not Alibaba co-founder Jack Ma, who has kept a low profile since he was questioned by police during…
China detains man named Ma, causing jitters that wiped $26B off Alibaba stock comes via ChinaTechNews.com.
In 2021, the first ten-linked “monster stock” was hit by a negative surprise. Major shareholders wanted to reduce their holdings by more than 200 million yuan. Last year they had a pre-loss of nearly 100 million yuan. Netizens exploded: “How many limits?”
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