Alibaba stock fell ~6.5% and JD.com fell ~6% after China reprimanded e-commerce players over alleged false advertising during the "618" annual shopping festival (Bloomberg)
Bloomberg:
Alibaba stock fell ~6.5% and JD.com fell ~6% after China reprimanded e-commerce players over alleged false advertising during the “618” annual shopping festival — Shares of Alibaba Group Holding Ltd. and JD.com Inc. slid after Chinese regulators scolded leading e-commerce players …
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Christopher Holloway
Christopher Holloway is the founder and director of Progressive Robot, a UK-based technology company. A full-stack engineer with more than two decades of experience, he works across PHP development, ecommerce, Linux infrastructure, technical SEO and AI automation, and writes here on technology, AI, hardware and software.
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