Alibaba has lost $344 billion in world's biggest wipeout

Alibaba shares sank from an all-time high that month to a record low three weeks ago in Hong Kong, as Beijing stepped up its scrutiny of the company's practices and urged a restructure of its fintech business. Despite a 30% recovery from Oct. 5, the stock is still 43% lower than its October 2020 peak.

from International-News-Economic Times https://ift.tt/3maulxc
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