Rumors of Alibaba's Jack Ma getting arrested briefly wiped billions - Details!

China's head of Alibaba has been mistakenly arrested and the company has lost up to $ 2 trillion due to a misguided decision by its investors.

Alibaba is a company headquartered in neighboring China. It was started in 1999 by the famous rich and businessman Jack Ma. The company is involved in cloud computing and online shopping. According to Forbes, Jack Ma has a net worth of $ 23.6 billion. He is known as the 62nd richest man in the world. China's stock market has been rocked by investors selling off their shares, believing Jack Ma, who has not appeared in public for the past two years, was arrested last Tuesday in response to a move by the Chinese government.

Decline

Jack Ma, who has been avoiding public places, was reportedly arrested last Tuesday. As a result, Alibaba's assets fell to $ 2.6 billion ($ 1.97 trillion in Indian currency).

It is now rumored that Jack Ma has been arrested. The company's investors are relieved.

Alibaba is headquartered in Hangzhou, China. In this case, "Ma Yun" was arrested by police last Tuesday. He is also from Hangzhou Province. In this case, the rumor has it that Jack Ma has been arrested.

Because of this, investors have sold their holdings in the company. Shares of the company fell 9.4 percent in a matter of minutes. As a result, Alibaba is estimated to have lost $ 26 billion.

Alibaba's loss of up to Rs 2 lakh crore due to rumors of the arrest of prominent businessman Jack Ma has been hotly debated around the world.

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