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China's CCTV in spotlight after 'Ma' arrest report shakes market

Brief plunge in Alibaba stock erased $27bn in share value

Alibaba founder Jack Ma has been little seen since attacking regulators in a speech in October 2020.   © Reuters

HONG KONG -- An ambiguous news report that sparked a fall in the shares of Alibaba Group Holding became the subject of intense speculation in China on Wednesday.

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