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Alibaba shares in HK tumble on China probe

HONG KONG, Dec 24 (Reuters) - Shares of Alibaba Group plunged 7% on Thursday in early trading after Chinese regulators said they have launched an investigation into the company for suspected monopolistic behaviour.

The stock traded as low as HK$229.4. The Hang Seng Index was down 0.2%. (Reporting by Clare Jim; Editing by Shri Navaratnam)

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