Hundsun Technologies Inc , the financial information technology company controlled by Alibaba Group Holding Ltd (BABA.N) founder Jack Ma, on Monday rejected local media criticism that blamed its platform for China’s stock market rout. “It’s not objective or rational to say that HOMS was the major force of the stock market turmoil,” Hundsun in a filing to the Shanghai Stock Exchange today. The HOMS cloud-based system was launched in May 2012 and was originally designed for small and mid-sized asset management firms.