Alibaba (BABA) Receives Notice of Anti-Monopoly/Anti-Trust Investigation by Chinese Government
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Price: $111.66 -1.05%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +151.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +151.1%
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(Updated - December 24, 2020 6:11 AM EST)
Alibaba Group Holding Limited (NYSE: BABA) announced that today it received a notice of investigation (the “Notice”) from the State Administration for Market Regulation of the People’s Republic of China (the “SAMR”). The Notice states that the SAMR has commenced an investigation pursuant to the Anti-Monopoly Law of the People’s Republic of China. We will actively cooperate with the SAMR’s investigation. The Company’s business operations remain normal.
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