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.

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