Alibaba has seen its shares jump nearly eight per cent this morning despite it being slapped with a record $2.8 billion antitrust fine by Chinese regulators.
Alibaba, which has been at the centre of a significant crackdown on big tech in China since October 2020, assured investors that the fine would have no material impact on the company.
It has seemingly had the opposite effect, signifying the end of an antitrust probe into Alibaba which has created uncertainty for investors for months.
