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Alibaba stock fell ~6.5% and JD.com fell ~6% after China reprimanded e-commerce players over alleged false advertising during the "618" annual shopping festival (Bloomberg) from Techmeme RSS feed.
Alibaba stock fell ~6.5% and JD.com fell ~6% after China reprimanded e-commerce players over alleged false advertising during the "618" annual shopping festival (Bloomberg)
Bloomberg:
Alibaba stock fell ~6.5% and JD.com fell ~6% after China reprimanded e-commerce players over alleged false advertising during the “618” annual shopping festival — Shares of Alibaba Group Holding Ltd. and JD.com Inc. slid after Chinese regulators scolded leading e-commerce players …