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2. Alibaba Group Holding Limited (NYSE:BABA) has fallen 1.38% as of 11:03 AM ET on the back of concerns related to more strict regulations from the Chinese regulatory authorities on the live streaming industry. The Central Cyberspace Administration of China announced that it would start a two-month action plan to stop illegal content on short video and streaming websites. Companies like Alibaba Group Holding Limited (NYSE:BABA) and Bilibili Inc. (NASDAQ:BILI) are expected to be impacted by the crackdown.

As of Q4 2021, 96 hedge funds held a stake in Alibaba Group Holding Limited (NYSE:BABA). Fisher Asset Management is the leading investor in Alibaba Group Holding Limited (NYSE:BABA), with a stake worth over $1.6 billion.