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Benzinga

World

Rachit Vats

Rumors Of Alibaba Founder Getting Arrested Spread After Report Says China Put 'Curbs' On Person With Same Surname

Alibaba BABA Jack Ma Hangzhou

Chinese authorities have placed an individual with the last name Ma under “compulsory curbs” in the city of Hangzhou, Bloomberg News reported on Tuesday, citing state broadcaster CCTV.

What Happened: Hangzhou is the home base of Jack Ma-founded Alibaba Group Holding Ltd (NYSE: BABA) and its affiliate Ant Group.

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