When Alibaba founder, Jack Ma, delivered a blunt criticism of China's financial system last October, few could have predicted the downward spiral that Alibaba Group Holding's has witnessed.

According to a Bloomberg report, in just a year, the technology titan, Alibaba has lost around $344 billion in market capitalisation, the largest ever decline in shareholder value globally.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/jack-mas-reported-europe-trip-boosts-alibaba-shares-422344">Jack Ma's reported Europe trip boosts Alibaba shares</a>

In the aftermath of the now-infamous speech, Beijing suspended the listing of its Ant Group company, which Ma had spun off from Alibaba.

In response to Jack Ma's speech last year, Chinese authorities had not only pulled Ant's IPO but also launched an antitrust probe against Alibaba, which ultimately resulted in a $2.75 billion fine for the company.

The value of Alibaba's stock fell the most over the past year globally.

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As Beijing stepped up its scrutiny of Alibaba's practices and encouraged a reorganization of its fintech business, the company's shares dropped to a record low of USD 139.63 on October 4th (three weeks earlier).

The recent reports that Alibaba founder Jack Ma was in Europe has led to a six per cent jump in the company's shares. In the aftermath of regulatory crackdowns on his business empire last year, Ma has kept a low profile and largely remained out of the public eye.

Watch |&nbsp;Alibaba group founder Jack Ma resurfaces in Hong Kong

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/alibaba-group-founder-jack-ma-resurfaces-in-hong-kong-420298/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

Since October 5th, the company's stock has made a recovery of around 30 per cent. Despite this, the stock is still more than 40 per cent below its October 2020 peak.&nbsp;

The price of the company's stock hovered around $174 on Monday, as opposed to the $306.87 a year earlier (26 October 2020).

When Alibaba founder, Jack Ma, delivered a blunt criticism of China's financial system last October, few could have predicted the downward spiral that Alibaba Group Holding's has witnessed.

When Alibaba founder, Jack Ma, delivered a blunt criticism of China's financial system last October, few could have predicted the downward spiral that Alibaba Group Holding's has witnessed. According to a Bloomberg report, in just a year, the technology titan, Alibaba has lost around $344 billion in market capitalisation, the largest ever decline in shareholder value globally. Also read | Jack Ma's reported Europe trip boosts Alibaba shares In the aftermath of the now-infamous speech, Beijing suspended the listing of its Ant Group company, which Ma had spun off from Alibaba. In response to Jack Ma's speech last year, Chinese authorities had not only pulled Ant's IPO but also launched an antitrust probe against Alibaba, which ultimately resulted in a $2.75 billion fine for the company. The value of Alibaba's stock fell the most over the past year globally. Also read | Alibaba unveils custom ARM-based server chip for cloud computing data centers As Beijing stepped up its scrutiny of Alibaba's practices and encouraged a reorganization of its fintech business, the company's shares dropped to a record low of USD 139.63 on October 4th (three weeks earlier). The recent reports that Alibaba founder Jack Ma was in Europe has led to a six per cent jump in the company's shares. In the aftermath of regulatory crackdowns on his business empire last year, Ma has kept a low profile and largely remained out of the public eye. Watch | Alibaba group founder Jack Ma resurfaces in Hong Kong Since October 5th, the company's stock has made a recovery of around 30 per cent. Despite this, the stock is still more than 40 per cent below its October 2020 peak. The price of the company's stock hovered around $174 on Monday, as opposed to the $306.87 a year earlier (26 October 2020).

One year since Jack Ma's speech, Alibaba has lost $344 billion: Report

The shocking decision taken by China at the last-minute has hurt the shares of Jack Ma's e-commerce giant Alibaba on Wednesday as investors remain concerned with the move.&nbsp;

Shanghai's stock exchange late on Tuesday suspended the record-breaking IPO of Ant Group less than 48 hours ahead of the shares' trading.

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It said, "major issues such as changes in the fintech supervisory environment" rose concerns whether the company could now meet listing requirements.

Hong Kong's exchange also said it has postponed the IPO.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/all-about-ant-group-the-next-big-tech-ipo-338413">All about Ant group, the next Big Tech IPO</a>

The suspension stopped what would have the world's biggest IPO on Thursday, with both legs worth $34 billion.&nbsp;

Alibaba's Hong Kong-listed shares declined 9.6 per cent at the beginning of trading on Wednesday, after its New York-listed stocks ended 8.13 per cent lower on Tuesday post the announcement.&nbsp;

China's decision came after recent warnings in the state media about potential financial instability due to Ant Group's brisk growth.

Beijing has slammed new regulations to halt China's growing online lending sector, a field Ant Group has aggressively shifted into just as regulators have worked to lower the risk posed to its economy by runaway debt.

The shocking decision taken by China at the last-minute has hurt the shares of Jack Ma's e-commerce giant Alibaba on Wednesday as investors remain concerned with the move.

The shocking decision taken by China at the last-minute has hurt the shares of Jack Ma's e-commerce giant Alibaba on Wednesday as investors remain concerned with the move. Shanghai's stock exchange late on Tuesday suspended the record-breaking IPO of Ant Group less than 48 hours ahead of the shares' trading. Also read | Alibaba puts India investment plan on hold amid China tensions - Sources It said, "major issues such as changes in the fintech supervisory environment" rose concerns whether the company could now meet listing requirements. Hong Kong's exchange also said it has postponed the IPO. Also read | All about Ant group, the next Big Tech IPO The suspension stopped what would have the world's biggest IPO on Thursday, with both legs worth $34 billion. Alibaba's Hong Kong-listed shares declined 9.6 per cent at the beginning of trading on Wednesday, after its New York-listed stocks ended 8.13 per cent lower on Tuesday post the announcement. China's decision came after recent warnings in the state media about potential financial instability due to Ant Group's brisk growth. Beijing has slammed new regulations to halt China's growing online lending sector, a field Ant Group has aggressively shifted into just as regulators have worked to lower the risk posed to its economy by runaway debt.

Alibaba's shares hit hard following shocking suspension of Ant Group's IPO

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One year since Jack Ma's speech, Alibaba has lost $344 billion: Report

Alibaba's shares hit hard following shocking suspension of Ant Group's IPO