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China detains man named Ma, causing jitters that wiped $26B off Alibaba stock – NewsBreak

May 5, 2022
Source: newsbreak.com newsbreak.com
News Snapshot:
Alibaba’s shares plummeted nearly 10% within minutes of rumored reports earlier this week that a man named "Ma" had been arrested for alleged national security violations. It later turned out that "Ma" was not Alibaba co-founder Jack Ma, who has kept a low profile since he was questioned by police during...
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China Tech Buzz Topics: Alibaba | arrested | China | Founder | IT | Jack Ma | national security | online shopping | police | Security | shares | stock

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