Alibaba stock drops as China regulator reportedly suspends partnership

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Alibaba stock drops as China regulator reportedly suspends partnership

Dow Jones2021-12-23

MW Alibaba stock drops as China regulator reportedly suspends partnership

Alibaba Group Holding Ltd. $(09988)$ shares fell Wednesday following reports that China's IT regulator disciplined the company for failing to report an open-source security vulnerability to the government. American depositary receipts of Alibaba dropped as much as 6% Wednesday, and were last down 3.8% at $118.35. On Wednesday, China's Ministry of Industry and Information Technology suspended a partnership with Alibaba for six months alleging that Alibaba failed to promptly report bugs in the open-source logging platform Apache Log4j2 to government officials, according to media reports. About two weeks ago, reports surfaced that the software contained a bug that would allow remote hackers to make changes to target devices.

-Wallace Witkowski

$(END)$ Dow Jones Newswires

December 22, 2021 13:00 ET (18:00 GMT)

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therese
·2021-12-23
When will Alibaba recover 🥲
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robot1234
·2021-12-23
Another hiccup. This is jinx. Alibaba's share price continues its slide and the downtrend is pretty much intact.
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- Ironteam:
  Just hope that it can recover as the business aspect is still strong, but moves from government are worrisome.
  2021-12-23
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On Wednesday, China's Ministry of Industry and Information Technology suspended a partnership with Alibaba for six months alleging that Alibaba failed to promptly report bugs in the open-source logging platform Apache Log4j2 to government officials, according to media reports. About two weeks ago, reports surfaced that the software contained a bug that would allow remote hackers to make changes to target devices. \n</p>\n<p>\n  -Wallace Witkowski \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 22, 2021 13:00 ET (18:00 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba stock drops as China regulator reportedly suspends partnership</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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This is jinx. Alibaba's share price continues its slide and the downtrend is pretty much intact.","listText":"Another hiccup. This is jinx. Alibaba's share price continues its slide and the downtrend is pretty much intact.","text":"Another hiccup. This is jinx. Alibaba's share price continues its slide and the downtrend is pretty much intact.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/691265006","repostId":2193183311,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":7082421,"gmtCreate":1640217030050,"gmtModify":1663239071436,"authorId":3561582804451218,"author":{"id":3561582804451218,"idStr":"3561582804451218","authorId":3561582804451218,"name":"Ironteam","avatar":"https://static.tigerbbs.com/820ff4e88bef87bdd250ce62ad08f334","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":691265006,"type":1,"supId":0,"prevId":0,"content":"Just hope that it can recover as the business aspect is still strong, but moves from government are <u>worrisome</u>.","text":"Just hope that it can recover as the business aspect is still strong, but moves from government are <u>worrisome</u>.","html":"Just hope that it can recover as the business aspect is still strong, but moves from government are <u>worrisome</u>."}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":7,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}