Alibaba founder lost $ 3.6 billion in a day
According to Forbes Real-Time, the fortune of Chinese billionaire Alibaba founder Jack Ma was reduced by more than $ 3.5 billion in a day due to the collapse of Alibaba shares.
At the close of trading on Thursday, Ma was worth an estimated $ 57.3 billion. During the day, he lost 3.6 billion.
Alibaba's shares on the Hong Kong and New York stock exchanges have experienced a serious drop due to news of an antitrust investigation against it. In Hong Kong, shares fell 8.1%, on the NASDAQ – 13.3%.
Earlier it was reported that China suspected Alibaba Group of unfair competition. The company is suspected of creating conditions for “forced exclusivity.” This strategy forces the partners of the concern to refuse to cooperate with its competitors.
Recall that the Alibaba Group includes trading platforms Taobao.com, Tmall, Alibaba.com and others.
