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.