China Probes Jack Ma’s Alibaba Group on Suspected Monopoly

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  • Bloomberg Markets and Finance published this video item, entitled “China Probes Jack Ma’s Alibaba Group on Suspected Monopoly” – below is their description.

    Dec.23 — China’s State Administration for Market Regulation probes billionaire Jack Ma’s Alibaba Group on suspicion of monopoly, and summoned affiliate Ant Group Co. to a high-level meeting over financial regulations. Candice Zachariahs reports on “Bloomberg Markets: China Open.”

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    In This Story: China

    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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  • In This Story: Jack Ma

    Jack Ma, or Ma Yun, is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. Ma is a strong proponent of an open and market-driven economy.

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