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Alibaba value drops $26 billion on false rumors of Jack Ma's arrest

Published: May 8, 2022

Shares in Chinese online retailer Alibaba fell by as much as 10 percent this week, losing some $26 billion in value, within minutes of the rumored arrest of its billionaire co-founder Jack Ma

Source: laosnews.net

After rumor of Alibaba's Jack Ma's arrest, stock loses $26 billion

Published: May 8, 2022

Shares in Chinese online retailer Alibaba fell by as much as 10 percent this week, losing some $26 billion in value, within minutes of the rumored arrest of its billionaire co-founder Jack Ma

Source: zimbabwestar.com