Source; https://asia.nikkei.com/Business/China-tech/Alibaba-shares-soar-in-wake-of-record-antitrust-fine
Some important tidbits;
The stock had lost almost one-third of its value since Beijing launched a series of investigations into the company last November.
The price of Alibaba's Hong Kong-listed shares rose as much as 9% in morning trading, reflecting a belief by investors and analysts that the record fine draws a line for now under Beijing's regulatory action against one of the country's tech giants.
...noted that the regulator has made a point that it will no longer tolerate some of the hidden rules in the e-commerce economy, which makes it more difficult for companies like Alibaba to sustain their double-digit growth. But the upside is that the regulator is unlikely to impose further penalties of this scale on Alibaba in at least the next three years if Alibaba follows its instructions
Robin Zhu, China internet analyst at AB Bernstein in Hong Kong, said the penalty clears the air for investors. "[It's] a sign that the worst was now over for Alibaba as far as regulatory scrutiny was concerned," he in a research note.
Submitted April 12, 2021 at 03:34AM by Young_Djinn https://ift.tt/3fZCody
