By Chong Koh Ping and Stella Yifan Xie Shares in Alibaba Group Holding Ltd. tumbled Thursday, extending a recent pullback, as China stepped up pressure on the e-commerce giant and its billionaire boss Jack Ma. Alibaba s Hong Kong stock dropped 8.1% to 228.20 Hong Kong dollars, its lowest point since July, in a shortened pre-Christmas trading session. The decline means Alibaba has now fallen more than 25% since a late October peak, when it was riding high ahead of a planned blockbuster listing of its financial-technology affiliate, Ant Group. On Thursday, Chinese regulators said they were taking actions against Alibaba and Ant Group, weeks after China stopped an expected $34 billion listing by Ant in Hong Kong and Shanghai.
Capital market set to maintain healthy growth anhuinews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from anhuinews.com Daily Mail and Mail on Sunday newspapers.