Alibaba Gains after Chinese Regulators Complete 3-Year Antitrust Probe
BABABABA(BABA) Investopedia·2024-08-31 00:30

Key TakeawaysChinese regulators said they had completed a three-year "rectification" of Alibaba.The e-commerce giant was fined in 2021 and took steps to address concerns about monopolistic practices.Jefferies analysts said the conclusion of the "rectification" process could represent a “new start” for the company and maintained a "buy" rating. Alibaba Group (BABA) shares traded in the U.S. gained Friday after Chinese regulators said the e-commerce giant completed a three-year “rectification” over charges it ...