Alibaba Drops After China Suspends IPO of Finance Affiliate Ant
The Ant Group Co. mascot is displayed at the company’s headquarters in Hangzhou, China. (Photographer: Qilai Shen/Bloomberg)

Alibaba Drops After China Suspends IPO of Finance Affiliate Ant

(Bloomberg) -- Alibaba Group Holding Ltd.’s U.S.-traded shares tumbled as much as 9.7% Tuesday after Ant Group Co., the finance affiliate also founded by Jack Ma, said its listings in both Shanghai...
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