Baku 25° C
Alibaba founder loses over $ 3.5 billion
Finance
- 25 December, 2020
- 08:43
One of the wealthiest Chinese billionaires, Jack Ma, the founder of Alibaba, lost more than $ 3.5 billion a day as a result of the "collapse" of his shares due to an antitrust investigation launched against the company, Report states, citing Prime.
According to data from the Forbes Real-Time rating, at the end of trading on Thursday, Ma's fortune was about $ 57.3 billion. In one day, the wealth lost $ 3.6 billion. The businessman is in 19th place in the ranking.
Shares of Alibaba on the Hong Kong and New York stock exchanges fell sharply on Thursday after news of an antitrust investigation into the company. Its shares lost 8.1% in Hong Kong and 13.3% in NASDAQ.
Author
Latest News
17:51
Argentine footballer's wife, kids killed in devastating Venezuela earthquake
Football17:38
Araghchi: Solely Iran responsible for reopening Hormuz Strait under deal with US
Region17:25
Ukraine strikes 2 oil refineries in Russia
Other countries17:10
EU sends €5M and rescue teams to Venezuela after quakes kill over 1,400
Other countries16:53
3 firefighters killed, 2 injured while tackling wildfires on Colorado-Utah border
Other countries16:35
French company says its container ship passed through Strait of Hormuz
Other countries16:17
Saudi Aramco helicopter crash kills 14
Other countries16:05
4 dead in Kentucky floods, governor declares state of emergency
Other countries15:43