Alibaba's lead founder Jack Ma Young may be praying for good fortune as Monday's stock market crash means the stock price of the e-commerce giant has shed 35 percent this year. Photo: Sam Tsang

China’s Alibaba tells employees not to lose faith as Black Monday drags shares below IPO price, costs Jack Ma US$545 million

Topic |   Alibaba

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Alibaba's lead founder Jack Ma Young may be praying for good fortune as Monday's stock market crash means the stock price of the e-commerce giant has shed 35 percent this year. Photo: Sam Tsang
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