DiDi Stock Plunges. An SEC Probe Has Alibaba and JD.com Investors On Edge Too.

Text size DiDi headquarters in Beijing AFP via Getty Images Shares in DiDi Global plunged Wednesday after the embattled Chinese ride-hailing company said it was facing a Securities and Exchange Commission investigation into its initial public offering last year. Other Chinese tech stocks were dropping. American depositary receipts of DiDi (ticker: DIDI) lost 5% in … Read more

Alibaba Stock Is Really Hurting. Why It Might Not Bounce Back Anytime Soon.

Text size Shares of Alibaba have notched massive declines. Greg Baker/AFP via Getty Images Investors in Alibaba Group Holding are used to pain. But the stock is really hurting this time, falling more than 20% in just four days. Shares in the e-commerce giant were getting hit again Tuesday. Alibaba is caught up in a … Read more