China Slaps ‘Compulsory Measures’ on Person Named Ma — Alibaba shares tank 9% : stocks


https://uk.finance.yahoo.com/news/china-slaps-compulsory-measures-person-014314636.html

Chinese authorities in the city of Hangzhou, home base to Alibaba Group Holding Ltd. and Ant Group Co., have imposed “compulsory curbs” on an individual surnamed Ma, state broadcaster CCTV reported Tuesday.

The person, who was otherwise unidentified, was placed under the so-called controls on April 25 after being accused of inciting subversion of state power and other activities that endangered national security, CCTV said in its brief report, without elaborating.

Shares in Alibaba slid more than 9% in Hong Kong. Representatives for Alibaba and Ant didn’t immediately respond to requests for comment.

(could they have arrested Jack Ma, founder of Alibaba?)

——————

Here is another report from a week ago, saying the mans name is “Ma Moumou” ;https://www.spp.gov.cn/zdgz/202205/t20220503_556065.shtml

Translate

On April 25, 2022, Hangzhou National Security Bureau took criminal coercive measures against Ma Moumou, who colluded with overseas Anti China hostile forces and was suspected of engaging in activities endangering national security such as inciting secession and subversion of state power. At present, the case is under in-depth investigation.

———————–

So who knows whats going on.



Source link

Related articles

Blanche defends Trump’s tirade in opposition to supreme court docket after it blocked mail-in voting government order – US politics dwell | Trump administration

Blanche defends Trump's criticism of supreme court docket justices after ruling to dam mail-in voting government orderChatting with reporters at this time, Todd Blanche mentioned that the supreme court docket’s ruling yesterday that...

Europe’s Retail Finance Is Transferring Past the App to Compete on Infrastructure

After a decade of product proliferation, cell interface optimization, and the search for buyer acquisition, a number of the most necessary aggressive questions are transferring under the display screen: who controls the infrastructure, who carries the...

Wooden wins $200 million ExxonMobil PNG building providers contract

(WO) — Wooden has secured a five-year, $200 million building providers contract from ExxonMobil PNG to assist brownfield tasks throughout the PNG LNG challenge in Papua New Guinea. The contract covers work throughout the...

CoinEx Cashes Out: Hong Kong Crypto Trade to Shut After 9 Years

CoinEx, a Hong Kong-based cryptocurrency alternate based in December 2017 by mining pool ViaBTC, at this time (Tuesday) introduced that it's going to stop operations and start an orderly liquidation, citing the extended...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com