Alibaba Shares Plunge Most Ever after Monopoly Investigation Announced
(Source: ifeng)
Alibaba Group Holding’s U.S.-listed shares plunged 13.3% to $34.18 on Dec. 24, after news broke that the e-commerce giant will be investigated by anti-trust regulators.
The drop marks the largest ever daily percentage decline since the company started being traded publicly in 2014. It also represents a 30% stumble from its October peak.
…
Keep reading with a 7-day free trial
Subscribe to Pandaily to keep reading this post and get 7 days of free access to the full post archives.