Alibaba Jack Ma

Chinese state media reported earlier in the morning that the Hangzhou security bureau on April 25 took “criminal coercive measures” on an individual with ...

Chinese state media reported earlier in the morning that the Hangzhou security bureau on April 25 took "criminal coercive measures" on an individual with the last name Ma over suspicion of using the internet to endanger national security. - Subsequent state media updates indicated the person had a first name with two Chinese characters, rather than one. - Chinese state media reported earlier in the morning that the Hangzhou security bureau on April 25 took "criminal coercive measures" on an individual with the last name Ma over suspicion of using the internet to endanger national security.

Alibaba shares initially fell by over 9% after CCTV reported the arrest of someone with the same surname as company founder Jack Ma.

The full name of Jack Ma, whose given name in Chinese is Yun, has only two characters. China's crackdown led some analysts to call the sector " uninvestable", with the Hang Seng Tech Index down 57% from its February 2021 peak. But the broadcaster later revised that report to reflect a clarification issued by Hangzhou's police: the arrested individual’s full name has three characters. Regulators also launched an antitrust investigation into the e-commerce group, resulting in a record $2.8 billion fine for anti-competitive behavior in April 2021. Investors started selling shares after Ma, addressing a high-profile conference for the nation's most powerful bankers and financial regulators, criticized China's policymakers for stifling innovation and growth. CCTV, China's state broadcaster, reported Tuesday morning that police in Hangzhou, Alibaba’s home city, have taken “compulsory measures” against an individual with the last name Ma on April 25.

We'll send you a myFT Daily Digest email rounding up the latest Alibaba news every morning. Alibaba shares sold off on Tuesday following a Chinese state media ...

Shanghai, China, May 3 (EFE).- The shares of Chinese e-commerce giant Alibaba suffered a significant drop in the first minutes of the session in Hong Kong ...

Investors’s spirits in Chinese technology companies are at a sensitive moment. The information that pointed to the possible end of the harsh campaign to regulate the sector by the Chinese government caused Alibaba shares to rise 15.69 percent in value Friday The official press was quick to deny rumors.

A BRIEF bout of concern about the status of Alibaba Group Holding co-founder Jack Ma triggered wild swings in shares of the e-commerce company on Tuesday ...

Alibaba shares plunged as much as 9.4% in Tuesday morning trading in Hong Kong following a report by CCTV that an individual surnamed Ma, ...

With a real-time net worth of $24.3 billion, Ma was the ninth-wealthiest person in China on the Forbes World’s Billionaires list. CCTV’s report stated that a person surnamed Ma was taken in for “criminal coercive measures” in the eastern city of Hangzhou, where Alibaba is headquartered. Alibaba shares plunged as much as 9.4% in Tuesday morning trading in Hong Kong following a report by CCTV that an individual surnamed Ma, which many investors feared to be cofounder Jack Ma, had been detained.

The share price of Alibaba recovered on Tuesday after China's CCTV clarified it was not the company's co-founder Jack Ma.

Alibaba stock dropped more than 9% in Hong Kong on Tuesday before bouncing back after an unconfirmed Chinese state media report said that an individual surnamed ‘Ma’ had been detained by police. - Print Article - Order Reprints

The share price of Alibaba recovered on Tuesday after China's CCTV clarified it was not the company's co-founder Jack Ma.

Alibaba stock dropped more than 9% in Hong Kong on Tuesday before bouncing back after an unconfirmed Chinese state media report said that an individual surnamed ‘Ma’ had been detained by police. - Print Article - Order Reprints

Alibaba shares were down slightly, Tuesday, after an earlier unconfirmed report mistakenly suggested company founder Jack Ma had been detained by police.

Jack Ma, CEO of Alibaba listens as Chinese President Xi Jinping speaks at a U.S.. Jack Ma has been lying low since late 2020. For a brief moment on Tuesday, ...

On Friday, the government said it would "promote the healthy development of the platform economy." Alibaba has borne the brunt of Beijing's crackdown. That led to a surge in internet stock prices, Bloomberg reported. At the same time, China's tech firms are struggling to get users and consumers to spend more amid a cooling economy. Another state media outlet, Global Times, soon followed up with a report citing unnamed sources that said the individual in question actually had three characters in his name. Many assumed that the person in question was Jack Ma, whose Chinese name is Ma Yun. After the news broke, Alibaba's share price in Hong Kong slid 9.4% in early trading, wiping about $26 billion from its market value, Bloomberg reported.