- Alibaba suffered its worst trading day ever on Thursday after Chinese regulators opened an antitrust investigation into the e-commerce giant.
- Alibaba fell as much as 18% in Thursday trades, far outpacing its previous record one-day decline of nearly 9% in 2015.
- Watch Alibaba trade live here.
READ ANTITRUST: Facebook and Google allegedly cut a deal that reduced ad competition. “It hurts their chances of surviving antitrust cases.”
Alibaba fell as much as 18%, far outpacing its previous record one-day decline of 8.8% in January 2015. The stock hit levels not seen since June.