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

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.



October 26, 2021 at 09:36AM