Alibaba loses $200 billion as Jack Ma’s investigation continues

It’s the second day and shares of Alibaba Group Holding Ltd are rigorously sold among China’s largest tech firms. Alibaba and its three largest rivals; Tencent Holdings Ltd, Meituan and JD.com Inc, have lost nearly $200 billion in Hong Kong over the two sessions since Thursday when regulators revealed an investigation into alleged monopolistic practices at Ma’s signature company. JD.com fell 3.4% and Tencent fell by 2.9% and Alibaba fell by 8% Monday, losing $270.