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Alibaba Stock Falls Nearly 10% Despite Biggest Annual Shopping Event

By Juro Osawa
· · Source: The Information

Alibaba’s Hong Kong-listed stock plunged 9.8% Wednesday as investors continued to sell Chinese tech stocks due to concerns about the impact of China’s new antitrust rules. The e-commerce giant’s share price had already dropped 5.1% in Hong Kong and 8.3% in New York on Tuesday after the Chinese government unveiled draft regulations. The stock’s sharp decline overshadowed some of the...

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