WTF happened to Alibaba (BABA Stock)?

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Links:
https://www.youtube.com/watch?v=kzMCCWyg_do&ab_channel=CNBCTelevision
https://www.cnbc.com/2022/03/10/these-chinese-stocks-are-down-sharply-on-thursday-heres-what-could-be-behind-the-decline.html
http://www.csrc.gov.cn/csrc_en/c102030/c2052837/content.shtml

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