China’s largest e-commerce company Ali Dadfounder of Jack Ma The allegations regarding the issue confused the stock market. The company’s CEOWhile the possibility of arrest of the company caused panic among the investors, the company shares crashed during the day.
According to the information revealed Ali DadThe depreciation of ‘s in one day, 9.4 percentreached . Moreover, all this happened because of a simple misunderstanding. Here are the details of the mistake that cost the e-commerce giant a fortune in one day.
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Arrested Jack Ma cost Alibaba $90 billion
The beginning of the event that cost a fortune Chinese‘of ciciang It started with an arrest in the state. According to police reports, the head of a technology company ‘MAA man named ‘ was detained for engaging in activities that endanger national security.
The fact that government televisions also reported the news in this way made everyone think that this person was Jack Ma, the founder of Alibaba. Ma, who is already known to be not on good terms with the Chinese government, has been away from the cameras from time to time in the past and was even thought to have been killed.
This situation, which confuses investors, causes panic and Hong Kong Stock ExchangeIt caused a sudden sale in the shares of the company traded in . Although it did not take long for the state television, which wanted to prevent the turmoil, to clarify the situation, the loss of value was inevitable.
The company’s shares, valued at nearly $900 billion, were acquired in just a few hours. 9.4 percent melted. This means a loss of almost 90 billion dollars. While there is no official statement from Alibaba or Jack Ma on the subject, it is a matter of curiosity how long it will take to make up for this loss.
So what do you think about this subject? What do you think, if Alibaba founder Jack Ma were indeed arrested, what would be the impact on the company? Give your feedback in the comments section or SDN ForumYou can share it with us.