BEIJING (AFP): Shares in Alibaba slumped more than five per cent on Tuesday (Feb 22) following a report that Beijing regulators had ordered a fresh investigation into state firms' links with the Chinese e-commerce giant's fintech arm Ant Group.
China's biggest state-owned firms and banks were told to begin a new round of checks on their financial exposure and other links to Ant and its subsidiaries, Bloomberg reported, in another blow to the beleaguered company and Alibaba's billionaire co-founder Jack Ma (pic).
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