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HKG:9618 24 November 2025 - 27 June 2026

Alibaba Drops After Beijing Puts 618 Subsidies in the Spotlight

Alibaba Drops After Beijing Puts 618 Subsidies in the Spotlight

Alibaba Group Holding shares dropped again Thursday after China’s market regulator used what’s usually a standard shopping season check-in to call out Taobao and Tmall over 6.18 discount claims. The warning came as Alibaba’s New York shares were already falling. Alibaba’s Hong Kong stock slid 5.4%. JD.com shares lost 2.9%, the Financial Times said.
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