Alibaba loses $26 billion in market value as Chinese media reports of man named ‘Ma’ being detained

Hong Kong: Alibaba, co-founded by Chinese e-commerce giant Jack Ma, saw its Hong Kong-listed shares plunge as much as 9.4 per cent after Chinese state media reported that an individual surnamed ‘Ma’ in the city of Hangzhou — where Alibaba is based — was detained on national security grounds, media reports said.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.

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