Just read a report whereby China has imposed fines against BABA, JD and Vishop for Irregular pricing, the fines amount to $76,614, so it is not an honerous fine. 

Yesterday the Wall Street Journal published an article where sources in the know stated that the Government of China wants to take a stake in Alibaba to diminish Jack Ma's ownership of the company.  That in short is the way Autocracies work.  By any other name this is complete corruption.  The stock, however, rallied even in the face of what is very honerous, and today in pre-market it is up another $6.  Maybe this is the market saying that so long as the company is not broken up, then who cares if Ma's ownership is diluted.  But who knows.

Another thought just occurred to me:  If Alibaba were to be broken up, I would think that its parts would be worth a lot more than the combined entity.