The popular online brokerage abruptly curbed trading in cryptocurrencies just as bitcoin hit a record, catching investors in one of the hottest corners of the market off guard.
The billionaire businessman and Alibaba founder has disappeared from the public limelight after brushes with Chinese regulators in recent weeks, sparking speculation about his fate.
The ruling Party shows Jack Ma and investors whos the real boss.
Chinas latest salvo against one of its most well-known technology giants could portend a more perilous regulatory regime for others in the industry as well.
Shares in Alibaba tumbled, extending a recent pullback, as China stepped up pressure on the e-commerce giant and its billionaire co-founder Jack Ma.
U.S. retail spending edged higher last month despite the ongoing coronavirus pandemic as a surge in online shopping boosted sales, according to data from Mastercard.
The extraordinary move to suspend the $34 billion initial public offering of Ant Group, the online-finance operation carved out of Alibaba, caps a tug of war between billionaire Jack Ma and Chinas top regulators.