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

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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