Alibaba Donates a Third of Its Cash to Chinese Initiatives. The Stock Is Falling.
Barrons | Jack Denton | Sep 3, 2021 Alibaba stock tumbled in Hong Kong trading, with the company’s U.S.-listed shares set for similar declines, as the Chinese internet giant confirmed Friday a large donation to social and economic programs in its home country. The stock fell 3.5% in Hong Kong and Alibaba’s American Depositary Receipts
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