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

TFT Founder Closes Futures Prop Agency, Turns to Prediction Markets

Worsfold and Basi Take Over LCG; Brokers Go Multi-Asset Worsfold and Basi Take Over LCG; Brokers Go Multi-Asset ...

Tesla’s photo voltaic roof is useless — right here’s what went fallacious

Practically a decade in the past, Tesla launched its photo voltaic roof, which was basically a mini-power plant that occurred to seem like high-end shingles, fancy terra-cotta tiles, or refined slate slabs.  Now the...

Researchers sampled the every day lives of two,197 folks and located they spoke about 338 fewer phrases for each passing yr from 2005 to...

There's a massive distinction between discovering that folks sampled in later years spoke much less and watching the identical folks grow to be quieter over time. A newly printed evaluation discovered the primary...

Treasury Buyback Sparks Bitcoin Surge as Debasement Commerce Returns

Key TakeawaysThe U.S. Treasury raised debt buyback limits, fueling a 20% Bitcoin rally and reviving the debasement commerce.Consultants warn this Treasury transfer will spur a pointy greenback decline as buyers search laborious asset...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com