Watch Alibaba (BABA) Shares Briefly Erase $26 Billion on ‘Ma’ Report - Bloomberg

May 3rd, 2022

Alibaba Shares Briefly Erase $26 Billion on ‘Ma’ Report

Alibaba plunged as much as 9.4% in Hong Kong, erasing about $26 billion of market value, after state broadcaster CCTV reported that authorities in the company’s home base of Hangzhou had imposed curbs on an individual surnamed Ma. Bloomberg’s David Ingles reports.

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