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Benzinga
Benzinga
World
Adam Eckert

Why Alibaba Shares Are Trading Lower Today

Alibaba Group Holding Ltd (NYSE:BABA) is trading lower Tuesday following reports suggesting China asked state firms to check their investments in Jack Ma's Ant Group.

According to a Bloomberg report, citing people familiar with the matter, several regulators have asked institutions to review their exposure to Ant Group. State-owned banks and non-bank firms are among those that have been asked to make checks.

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