ALIBABA HAS LOST $344 BILLION IN WORLD'S BIGGEST WIPEOUT

Jack Ma delivered a blunt criticism of China's financial system last October. Shortly after the now infamous speech, Beijing suspended the listing of its fintech arm Ant Group and has since followed up with a widespread crackdown on the country's most vibrant sectors. Alibaba shares sank from an all-time high that month to a record low three weeks ago in Hong Kong. Despite a 30% recovery from Oct. 5, the stock is still 43% lower than its October 2020 peak.
More Coverage on INDIATIMES