Business
Alibaba under investigation amid speculation over Jack Ma’s ‘disappearance’ – ABC News
Chinese regulators have launched an investigation into China’s biggest e-commerce giants Alibaba, cofounded by Jack Ma, who hasn’t been seen since October.
Chinese regulators have launched an investigation into China’s biggest e-commerce giant Alibaba, cofounded by Jack Ma, one of the country’s richest men.
The State Market Supervision Administration issued a one-line statement on Christmas Eve that it had filed an antitrust investigation into Alibaba Group Holdings Ltd over their “suspected monopolistic practices”.
It also fined the company half a million yuan ($99,000) 10 days earlier for breaching anti-competition law.
The probe saw the online…
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