Alibaba Group’s stock price plunged Thursday as Chinese regulators launched an antitrust investigation into the e-commerce giant. Alibaba’s New York-listed shares dropped about 9.9 percent to $230.80 in premarket trading as of 9 a.m. after Beijing’s State Administration for Market Regulation announced the probe, the latest setback for the company’s billionaire founder, Jack Ma. The...
Alibaba Group’s stock price plunged Thursday as Chinese regulators launched an antitrust investigation into the e-commerce giant. Alibaba’s New York-listed shares dropped about 9.9 percent to $230.80 in premarket trading as of 9 a.m. after Beijing’s State Administration for Market Regulation announced the probe, the latest setback for the company’s billionaire founder, Jack Ma. The...
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