China sends Alibaba reeling with a regulatory king hit

The Chinese central bank’s crackdown on fast-growing online financial transactions is a blow to the e-commerce giant, and comes as the pressure mounts on China’s traditional banks to reform and focus on their customers.

Graph for China sends Alibaba reeling with a regulatory king hit

A visitor talks with an employee at the stand of Alibaba.com.cn during an exhibition in Shanghai, China, 6 November 2012. (AAP Newswire)

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