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What Is Going On With Alibaba Stock?

·2 min read
In this article:
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  • BABA

Ever since a disappointing earnings report, shares of the Chinese e-commerce giant Alibaba ( ) have been on a downward spiral — falling by 23% in November and losing up to one-fifth of their value in the last week alone. In the past, Chinese companies have used variable interest entities to go public abroad but recent developments show that the government is clamping down on such a loophole. "What happens to those that already exist is not clear, but the Didi fiasco demonstrates the Chinese Communist Party is highly likely to force any company it considers significant to delist in New York and sell shares in Hong Kong instead," Alex Frew McMillan wrote for TheStreet's Real Money today.