#Rumors of Jack Ma’s ‘arrest’ cost Alibaba $26 billion
“Rumors of Jack Ma’s ‘arrest’ cost Alibaba $26 billion” Alibaba co-founder Jack Ma’s rumored arrest — which later turned out to be false — sent shares of the company falling by as much as 10% within minutes on Tuesday morning and cost the firm $26 billion in value. The billionaire Ma has scarcely been seen…