Alibaba stock drops as China regulator reportedly suspends partnership

7
2
Favorite

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)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

therese
·2021-12-23
When will Alibaba recover 🥲
Reply
1
Report
robot1234
·2021-12-23
Another hiccup. This is jinx. Alibaba's share price continues its slide and the downtrend is pretty much intact.
Reply
2
Report
Fold Replies
- Ironteam:
  Just hope that it can recover as the business aspect is still strong, but moves from government are worrisome.
  2021-12-23
  Reply
  Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2193183311?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-12-23 02:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2193183311","market":"us","top_or_hot":-1,"title":"Alibaba stock drops as China regulator reportedly suspends partnership","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Alibaba stock drops as China regulator reportedly suspends partnership\n</p>\n<p>\n  Alibaba Group Holding Ltd. <a href=\"https://laohu8.com/S/09988\">$(09988)$</a> 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 $118.35. On Wednesday, China's Ministry of Industry and Information Technology suspended a partnership with Alibaba for six months alleging that Alibaba failed to promptly report bugs in the open-source logging platform Apache Log4j2 to government officials, according to media reports. About two weeks ago, reports surfaced that the software contained a bug that would allow remote hackers to make changes to target devices. \n</p>\n<p>\n  -Wallace Witkowski \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba stock drops as China regulator reportedly suspends partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-23 02:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW Alibaba stock drops as China regulator reportedly suspends partnership\n\n\n  Alibaba Group Holding Ltd. $(09988)$ shares fell Wednesday following reports that China's IT regulator disciplined the ...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1550","symbol_name":"内险股","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2193183311","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2193183311","pubTimestamp":1640196000,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Alibaba stock drops as China regulator reportedly suspends partnership\n\n\n  Alibaba Group Holding ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1550":"内险股","01508":"中国再保险","09988":"阿里巴巴-W","BABA":"阿里巴巴","BK1153":"再保险"},"translate_title":"据报道，中国监管机构暂停合作关系，阿里巴巴-SW股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01508":1,"09988":0.9,"BABA":0.9},"content_text":"MW Alibaba stock drops as China regulator reportedly suspends partnership\n\n\n  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 $118.35. On Wednesday, China's Ministry of Industry and Information Technology suspended a partnership with Alibaba for six months alleging that Alibaba failed to promptly report bugs in the open-source logging platform Apache Log4j2 to government officials, according to media reports. About two weeks ago, reports surfaced that the software contained a bug that would allow remote hackers to make changes to target devices. \n\n\n  -Wallace Witkowski \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  December 22, 2021 13:00 ET (18:00 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9000571950,"gmtCreate":1640246264604,"gmtModify":1676533511478,"author":{"id":"3581494648471738","authorId":"3581494648471738","name":"therese","avatar":"https://static.tigerbbs.com/49af7d15d1536b84abc5f72c94c3ad10","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3581494648471738","authorIdStr":"3581494648471738"},"htmlText":"When will Alibaba recover 🥲","listText":"When will Alibaba recover 🥲","text":"When will Alibaba recover 🥲","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9000571950","repostId":2193183311,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":691265006,"gmtCreate":1640210865423,"gmtModify":1676532422339,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3561596430587504","authorIdStr":"3561596430587504"},"htmlText":"Another hiccup. 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}}