Alibaba falls 7% in premarket trading after Chinese regulators open antitrust investigation into the company

Financial world news, market analysis, investment scam prevention tips and more ✔️ Learn all there is to know about the asset management industry. This magazine is crafted specifically for those who are interested in diving into the global asset management world. Alibaba said it was aware of the regulatory actions. Reuters US-listed shares in Alibaba fell by 7% on Thursday, after Chinese regulators said they had launched an anti-trust investigation into the country's biggest technology company.  US-listed shares in Alibaba fell in premarket trading, after China regulators opened probe into the e-commerce company.  It echoed the losses overnight in Asia, where the company's Hong Kong-listed shares closed 8.1% lower.  Visit Business Insider's homepage for more stories. Separately, other watchdogs said they would hold talks with Alibaba's affiliate fintech company Ant Group. The Chinese government is increasing its oversight of large tech companies and, in particular, has cracked down on Jack Ma's tech empire.US-registered shares in Alibaba, an e-commerce platform founded by Ma, were down 7.1% at $238.02 in pre-market trading on Thursday. This echoes the losses overnight in Asia, where the company's Hong Kong-listed shares closed 8.1% lower. This was the largest one-day drop in Alibaba's Asia-registered shares since mid-November, when Ant's IPO, which would have been the world's largest, was pulled at the last minute after China introduced stricter regulations for financial services. Ma is also the co-founder of Ant, and China's second-richest person. In separate statements released Thursday, To keep reading about Alibaba falls 7% in premarket trading after Chinese regulators open antitrust investigation into the company, Click on the link. Seoul, Korea
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