SHANGHAI -- Alibaba Group Holding has lost more than half its market value in the year since finance arm Ant Group's listing was postponed under pressure from Chinese regulators, sapping the momentum of China's top e-commerce company.
Alibaba's market capitalization topped out at 6.6 trillion Hong Kong dollars ($846 billion at current rates) at the end of October 2020, but has since slumped to about HK$2.8 trillion, or $358 billion. The company is also listed on the New York Stock Exchange.
