Alibaba stock slid on rumors of Jack Ma being placed under compulsory curbs, $BABA stock then recovered as it seems to be a case of mistaken identity. BABA shares flat in premarket having shed 9% in Hong Kong at one stage by ivanbrian9 stocks trading
BABA stock then recovered as it appears to be a case of mistaken identity.Alibaba shareholders were taken on a more volatile ride than usual on Tuesday morning as the stock slid 9% in Hong Kong.
, people began putting two and two together and getting 7 as rumors circulated that this Ma was indeed Jack Ma of Alibaba. The stock fell sharply.Jack Ma is of course no stranger to the limelight having initially come to the attention of authorities just before the failed ANT Group spin-off. He criticized China's leadership and regulators in a speech that effectively ended the chances of the ANT Group IPO..
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