Shares of Alibaba Group Holding (BABA) fell in Tuesday’s trading session after the Taiwanese government accused the e-commerce giant of violating investment rules, making it TheStreet’s Move of the Day. The Taiwan Investment Commission fined the company, and ordered the Chinese retailer to withdraw operations. Taiwan is accusing Alibaba of entering the country illegally. The Commission says Alibaba’s filings for its initial public offering last year, revealed evidence of Chinese control over its Singapore branch. Shares of Alibaba finished the day down on double its average trading volume. TheStreet’s Kurumi Fukushima reports in New York.
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