This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact The Epoch Times Reprints.
Alibaba, the Chinese e-commerce conglomerate that made the biggest IPO in U.S. history last September, had over $30 billion wiped from its market capitalization in two days ending yesterday. That was just after it got into a rare public brawl with a Chinese regulator, an apparent signal that its political fortunes have shifted decisively under the Xi Jinping administration.
