Why Alibaba shares rose after $2.8 billion antitrust fine

About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

Recent from CNBC Television:

  • Retired Olympic sprinter Michael Johnson on Tokyo Olympics
  • Antivirus pioneer John McAfee found dead in Spanish prison
  • Designing and buying a brand new home online
  • CNBC Television published this video item, entitled “Why Alibaba shares rose after $2.8 billion antitrust fine” – below is their description.

    Alibaba shares rose over 6% in Hong Kong and in Wall Street’s premarket trading Monday after the company was fined $2.8 billion by Chinese regulators amid an anti-monopoly probe. The investigation focused on a practice that forces merchants to list their products on one of two e-commerce platforms. CNBC’s David Faber reports.

    CNBC Television YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Hong Kong

    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

    Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

    3 Recent Items: Hong Kong

  • Hong Kong bids emotional farewell to pro-democracy paper – BBC News
  • Another sign of China’s tightening grip on Hong Kong? | DW News
  • Apple Daily: Huge queues for final edition of Hong Kong pro-democracy newspaper
  • Leave a Comment