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.
China tech
Alibaba market cap sinks by half in a year since Ant IPO shelved
China's e-commerce leader loses ground to rivals like JD.com as regulators crack down
Around this time in 2020, market expectations for Alibaba were higher than ever thanks to anticipation for the then-upcoming IPO by Ant Group. © Reuters
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