Few people could have predicted the downward spiral for Alibaba Group Holding, when founder Jack Ma delivered a blunt criticism of China’s financial system last October. Yet one year on, the technology titan has lost a whopping $344 billion in market capitalization -- the biggest wipe-out of shareholder value globally.

from Times of India https://timesofindia.indiatimes.com/business/international-business/alibaba-has-lost-344-billion-in-worlds-biggest-wipeout/articleshow/87269963.cms