Alibaba Group Holding Ltd (NYSE: BABA) is trading higher Monday morning after China fined food delivery giant Meituan $534 million for antitrust violations, which increased investor optimism that China’s regulation on their large tech companies is easing.
China technology stocks listed in Hong Kong rallied following the announcement as the $534 million fine was not as large as expected.
Jefferies analysts said the antitrust fine has removed an “overhang” over Meituan.
“We believe the SAMR…
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