Rise, Fall, Redemption Since Alibaba’s Debut: Chartby
Two years ago this month, the listing of Alibaba Group Holding Ltd. set off a 38 percent surge that lifted the Chinese Internet company past Facebook Inc. by market value. The gains didn’t last and the stock went on to tumble through 2015 as sales growth slowed along with China’s economy. Revenue growth has accelerated this year, and so too have the shares, sending Alibaba ahead of Tencent Holdings Ltd. by value.
(Corrects percent debut figure in chart, text.)