Alibaba Shares Increase by 8% Amidst $2.8B Fine for Anti-Monopoly Lawsuit in China

Alibaba has recently faced a massive lawsuit against its integrity that pressed anti-monopoly charges towards the company in China, asking a massive sum of $2.8 billion (18.23 billion yuan) to pay after investigation. However, despite this happening, Alibaba manages to rise in shares and stocks by eight percent, assuring investors that the company remains strong during these times.

CeBIT 2015 Technology Trade Fair

(Photo : Photo by Sean Gallup/Getty Images)
HANOVER, GERMANY – MARCH 16: Alibaba Group Executive Chairman Jack Ma attends the 2015 CeBIT technology trade fair on March 16, 2015 in Hanover, Germany. China is this year’s CeBIT partner. CeBIT is the world’s largest tech fair and will be open from March 16 through March 20.

The popular e-commerce and multinational…

Source link

About coldfusion

Check Also

Obama chief scientist cools on climate crisis news coverage

Article originally published at President Barack Obama’s Energy Department Chief Scientist Steven Koonin’s soon-to-be-published …

Leave a Reply

Your email address will not be published. Required fields are marked *