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China regulator fines Alibaba, Tencent for disclosure breach

Jul. 11, 2022 2:16 AM ETAlibaba Group Holding Limited (BABA), BABAF, TCEHY, TCTZFBy: Meghavi Singh, SA News Editor37 Comments
  • China’s State Administration for Market Regulation (SAMR) has hit technology giants Alibaba (NYSE:BABA) and Tencent (OTCPK:TCEHY) with fines for failing to comply with transaction disclosure rules that are part of anti-monopoly laws, according to Reuters report.
  • Numerous other companies were also named

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Comments (37)

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It is obvious that all our SA writters, in special those ones who write about China, has no or little clue of what happens there, by that I mean have lived or visited the country for business purposes many times through the years, it is not a communist praising the China regimen meaning it is politically unbiased and understand the markets. The way it is now to invest in China with the kind of advice we get is the same thing of going to a Casino to play black jack....???
Djreef1966 profile picture
@Russom My dad comes back with $500-$800 bucks every time he goes to the casino to play black jack. He tells me it’s easy to do if you just stay disciplined. So, that’s what I do. Bought the dip this morning.
@Djreef1966 I gotta hang with your dad. Need a little extra chedder.
Djreef1966 profile picture
@jonesy78 He really is amazing with that stuff. Consistently good at it. He never rolls stupid money, but he always covers the trip and then some.
Ali baba spends more on toilet paper and urinal pucks for its bathrooms then this fine
r Negoro profile picture
Hmmmm they brought the whole index down, but the fine is puny.
MathieuB profile picture
≈ 360 K$ fine for $BABA...I think they will have no choice and file for bankruptcy.
@MathieuB Max. Could be 36k but still won’t make it if you ask some folks here.
Godspeed Trader profile picture
hehe....$120 long put
Thank You, communist china. Was looking for better entry point! Wonder when the US will get their Oligarchs under control! Even with a slap on the little finger!
Tenaval profile picture
I'm surprised why it takes so long between this fine and the last. Someone's not working hard enough.
jorisderooij profile picture
In other breaking news: I got a parking ticket today, am I ever going to recover from this? Perhaps I should write an article about it.
There was a coffee spill in BABA administrative headquarters.
The cleaning lady spent extra $5 to clear the mess.
Short BABA.
The headline should say 'mulcts,' not 'mulct'. By analogy, 'Dog bites man', not 'Dog bite man.'

But it shouldn't say 'mulcts' either. Just say 'fines.'

Perhaps in India 'mulct' is the ordinary word. Elsewhere it is not. Absolutely not at all. I cannot stress this enough.

However, thanks for the news item.
PapaWhisky profile picture
@Russell's Decalogue

'prepone' is apparently a word there, too.
Tudor Invest Holdings profile picture
@Russell's Decalogue

I noticed this too. It was not a good choice of words. I had to look it up.
In Norwegian, which is my mother tongue, we say mulkt.

Should it also not say Alibaba and Tencent, instead of using a coma when there are only two words
@Tudor Invest Holdings Comma instead of 'and' fully accepted in news headlines.
Djreef1966 profile picture
Good Gawd, this isn’t even a slap on the wrist. This is a kiss on the cheek just to remind them that someone is watching.
jorisderooij profile picture
Every opportunity you get to present negative ''news'' about Chinese stocks, you take. Stop controlling the narrative. These fines are a non event to companies of this size.
wiredlitigator profile picture
@jorisderooij, I appreciate it. Just a reminder China is not investable. Maybe you should listen.
jorisderooij profile picture
@wiredlitigator It is of course fine if you don't want to invest in China, but at least base it on facts and logic. The 75k fines are a reminder that china is uninvestable? Do you invest in the US? Facebook, Google, AMZN get these fines all the time. Always happy to have a legitimate discussion, but what you are saying here doesn't make much sense to me.
@wiredlitigator the exact words when due diligence is required and presents great opportunity
Bring the microscope
Just to help us investors remember CCP's still got BABA by the balls... hopefully it turns out it's a by-the-dip opportunity.
Catalyst Investor profile picture
@Yuji__0 considering that baba is buying back it shares. I’m sure long term baba would be happy to pay 75k fines everyday if they could get a 4% discount on open market transactions.
Like the bank's mulct us with ridiculously low savings rates.
GabsterX profile picture
How will BABA ever recover from this $375K fine? Totally justifies the 6% drop.
@GabsterX It will never. That being said recession is coming so who knows how much of that is priced into BABA shares.
@GabsterX market is reacting to the swinging "sentiment" from the governement. One week it's positive news and then it's negative
@TastyLaksa recession in China? The party is just getting started
CCP runs the show for Chinese companies.
A total of $375,000 for BABA. So what? "Mulct", really?
MikeFromNZ profile picture
@Niarb Namtih Mulct is Chinese for covfefe.

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