Beijing: The arrest of an individual with the last name 'Ma' in China left people in utter shock who dumped shares in Alibaba that eroded a massive $27 billion in its share value, as investors thought the person arrested was the billionaire Jack Ma. China's state broadcaster CCTV first reported that police in Hangzhou, Alibaba's home city, had taken "compulsory measures" against an individual with the last name 'Ma'. CCTV alleged late on Tuesday that Ma had been apprehended on charges of using the internet to engage in activities endangering national security. The shocked Investors quickly dumped their shares, causing…