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Alibaba jumps 7% after report says Americans will not be banned from investing in the company

12 days ago   |   By Business Insider

Reuters
Alibaba surged as much as 7% in Wednesday trades after The Wall Street Journal reported that Americans would not be banned from investing in the Chinese e-commerce giant. Alibaba, Baidu, and Tencent were among a number of Chinese-based companies that were being examined for inclusion in a Defense Department list of firms that supported China's military, intelligence, and security services, according to the report. Chinese telecom stocks like China Mobile had been added to the Defense Department list, and trading in the US-listed stock shuttered on Monday. Sign up here our daily...
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