The New York Stock Exchange opens in less than five hours and Alibaba's premarket value is already 6.71% down.
The last session, the New York Stock Exchange finished with Alibaba jumping 0.14% to $256.18. The New York Stock Exchange rose 0.54% to $14,398.60, following last session's upward trend on what was a somewhat positive trend trading session.
Alibaba's last close was $255.83, 24.65% below its 52-week high of $319.32.
News about Alibaba today
China launches probe into Alibaba over monopoly allegations. According to today's article on Bloomberg Quint, "Investors are divided over the extent to which Beijing will go after Alibaba -- Asia's largest corporation after Tencent --- and its compatriots as Xi Jinping's government prepares to roll out a raft of new anti-monopoly regulations. ", "Shares in SoftBank Group Corp., Alibaba's largest shareholder, erased gains to trade as much as 2.7% lower in Tokyo. "
China targets jack ma’s Alibaba empire in monopoly probe. According to today's article on Bloomberg Quint, "Shares in SoftBank Group Corp., Alibaba's largest shareholder, erased gains to trade as much as 2.7% lower in Tokyo.", "The State Administration for Market Regulation is investigating Alibaba, the top antitrust watchdog said in a statement without further details. "
: Alibaba shares sink in Hong Kong as China launches antitrust probe. According to today's article on MarketWatch, "BEIJING - Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries.", "The market regulator said it was looking into Alibaba's policy of "choose one of two," which requires business partners to avoid dealing with competitors. "
Alibaba shares sink in Hong Kong as China launches antitrust probe. According to today's article on MarketWatch, "BEIJING - Chinese regulators on Thursday announced an anti-monopoly investigation of e-commerce giant Alibaba Group, stepping up official efforts to tighten control over China's fast-growing tech industries.", "The market regulator said it was looking into Alibaba's policy of "choose one of two," which requires business partners to avoid dealing with competitors. "
Alibaba selloff deepens as antitrust probe rattles investors. According to today's article on The Wall Street Journal, "The State Administration for Market Regulation said it was investigating complaints of potentially monopolistic behavior-like making merchants sell exclusively on Alibaba platforms-while China's central bank said it and other regulators had summoned Ant officials for a meeting.", "On Thursday, Chinese regulators said they were taking actions against Alibaba and Ant Group, weeks after China stopped an expected $34 billion listing by Ant in Hong Kong and Shanghai."
Alibaba faces investigation in China pursuant to anti-monopoly law - quick facts. According to today's article on Business Insider, "Alibaba Group stated that the company will actively cooperate with the SAMR's investigation. ", "Alibaba Group and its related companies operate leading wholesale and retail online marketplaces as well as businesses in cloud computing, digital media and entertainment, innovation initiatives and others."