Monday, 12 April 2021

Alibaba Soars After $2.8 Billion Fine Lifts Overhang From Stock

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Alibaba Soars After $2.8 Billion Fine Lifts Overhang From Stock

The fine was only 4% of Alibaba's domestic sales, rather than the 10% maximum allowed by law. Analysts interpreted as a broader sign of detente between regulators and a company whose financial power threatened to give it growing political clout.









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