Shares of several Chinese companies, including Alibaba Group Holding BABA, are trading lower amid regulatory concerns in the country. Recent reports of a Chinese crackdown on Didi as well as reports suggesting China is considering asking tutoring firms to turn into non-profits have increased regulation concerns.
Alibaba is the world's largest online and mobile commerce company, measured by GMV (CNY 6.6 trillion/$1 trillion for the fiscal year ended March 2020). It operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).
Alibaba's China commerce retail division accounted for 69% of revenue in the December 2020 quarter, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees.
Alibaba has a 52-week high of $319.32 and a 52-week low of $198.26.
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