Alibaba to JD.Com Plunge as Investors Flee From All Things China
How Will the Chinese Govt. Stem Loses on Stock Exchange?
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U.S.-traded Chinese stocks plunged the most in four years as the rout that’s wiped $3.2 trillion from the value of mainland equities spreads.
Chinese American depositary receipts tumbled 5.1 percent as of 12:42 p.m. in New York, extending their slump to 18 percent from this year’s high. Alibaba Group Holding Ltd. tumbled to the lowest since its initial public offering, while JD.com Inc. sank as much as 12 percent.