Alibaba Spooks Investors Over $15 Billion 'Common Prosperity' Donation - NewsBreak
By Gesard in Business
Updated 3 years ago
Alibaba, one of China's largest technology companies, saw its stock valuation drop after it announced a donation was made in line with the "common prosperity" agenda being promoted by Beijing. To investors, the decision inspired some worry about more Chinese regulations aimed at some of the country's largest tech titans.