Alibaba’s $10 billion buyback plan fails to halt stock slide as regulatory concerns mount

Alibaba shares slumped 9% to their lowest since June on Monday, as the firm’s upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma’s e-commerce and financial empire. A sharp sell-off over two sessions has knocked almost $116 billion off the tech giant’s Hong Kong-listed shares. The downward […]

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