And finally, the government is considering whether to compel Alibaba to shed media assets, which have supported its brand -- and Ma’s. The firm has lost more than $260 billion in value since rising to a record in late October. Now, the firm’s value could plummet to as low as $29 billion from $320 billion previously, according to Bloomberg Intelligence analyst Francis Chan. In the worst-case scenario, Alibaba could be forced to unwind those investments, if they’re found to have violated anti-monopoly laws. Moving OnFor Alibaba, the $2.8 billion fine was less severe than many feared and helps lift a cloud of uncertainty hanging over Ma’s empire.

Source: Mint May 12, 2021 00:11 UTC