Alibaba shares soared seven percent, according to trade data from the Hong Kong Stock Exchange. At 13:14 of Moscow time, securities increased in price to 232.2 Hong Kong dollars per share (about $30).

At the maximum, quotes added 8.99 percent (to 237.6 Hong Kong dollars per share). Earlier, the PRC government market control agency fined Alibaba a record in the country’s history – 18.22 billion yuan ($2.78 billion) for breaking antitrust laws.

The investigation confirmed that Alibaba had a policy of forcing consumers to use their services “no choice”. The Chinese Internet giant recognized the correctness of the decision of the PRC authorities to recover a fine from him by posting a statement on its website. The end of the antitrust investigation helped the stock to soar.