Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Yet one year on, the technology titan has lost a whopping $344 billion in market capitalization -- the biggest wipe-out of shareholder value globally.
from Times of India https://ift.tt/2Zn5PAw
Tuesday, October 26, 2021
$344 billion: The price for criticism in China https://ift.tt/eA8V8J
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