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  • Shares of Chinese e-commerce giant Alibaba tumbled in New York on Tuesday after a public listing in Asian markets for spinoff company Ant Group was suspended due to apparent pressure from Beijing. Ant Group, a fintech company that has more than 700 million monthly active users, will suspend both legs of its $34 billion listing -- in Hong Kong and Shanghai -- set to take place this week, the company said in a filing Tuesday. Shares were down 6.4 percent to $291.00 near 1515 GMT after dropping more than nine percent earlier in the session. jul-jmb/hs
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  • Alibaba shares plunge after Ant Group IPO suspended
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