China Detained Man Named ‘Ma’, News Wiped $26 Billion Off Alibaba’s Stock A whopping $26 billion was wiped off of Alibaba’s market value in just a few minutes. But the company managed to recover the losses after a clarification.
Image: NPR
Chinese e-commerce and internet company Alibaba, co-founded by Jack Ma, saw its shares fall as much as nine percent this week as reports emerged ...