HomeTwitterAlibaba plunged as much as 9.4% in Hong Kong, erasing about $26 billion of market value.

Alibaba plunged as much as 9.4% in Hong Kong, erasing about $26 billion of market value.

Alibaba plunged as much as 9.4% in Hong Kong, erasing about $26 billion of market value.

This came after state broadcaster CCTV reported that authorities in the company’s home base of Hangzhou had imposed curbs https://t.co/vzfwYOWJT4 pic.twitter.com/QmkZMPYiNM

— Bloomberg TV (@BloombergTV) May 3, 2022

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