Home PoliticsPolitical Protests China begins anti-monopoly investigation into Alibaba as shares tumble in Hong Kong

China begins anti-monopoly investigation into Alibaba as shares tumble in Hong Kong

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by Laurie Chen

China has launched an anti-monopoly investigation into Alibaba, regulators said Thursday, heaping further pressure on the e-commerce giant and sending its share price tumbling.

Regulators will also hold “supervisory and guidance” talks with Alibaba’s gigantic financial services subsidiary Ant Group, state media reported, just weeks after its record-breaking IPO was halted at the last minute by Beijing.

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