Alibaba Stock Has Slumped This Week. Here’s Why.

Text size Alibaba shares have slumped since the company said it would apply for a primary listing in Hong Kong. (Photo by GREG BAKER/AFP via Getty Images) Shares of Alibaba , the Chinese e-commerce giant, fell sharply Friday following a report that said billionaire Jack Ma plans to cede control of Ant Group. Alibaba (ticker: … Read more

China Tech Stocks Fall After Beijing Fines Alibaba, Tencent

By Yifan Wang Shares of Chinese tech giants fell in Hong Kong on Monday, after Beijing fined some of the country’s largest internet companies for failing to make proper antitrust declarations on previous deals. Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Ping An Healthcare & Technology Co., which were named in the latest executive … Read more