HK regulator says Alibaba broke takeover rules with "special deal"

HK regulator says Alibaba broke takeover rules with "special deal"

Chance Chan / Reuters

Hong Kong’s securities regulator said that Chinese e-commerce giant Alibaba Group Holding Ltd breached takeover rules in the purchase of a healthcare firm in 2014 because it also bought a company owned by the brother of the healthcare firm’s vice chairman on “favourable terms.”

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