Alibaba shares tumble as China tightens ecommerce oversight
Alibaba Group Holding Ltd shares plunged nearly 6% in Hong Kong on Thursday, leading a technology sector selloff after China's market regulator demanded stronger product quality controls and consumer protection measures across major ecommerce platforms. The company's stock fell to HK$97.55 during morning trading, marking its steepest intraday decline in two months. Investors reacted to…
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