Alibaba Group Holding Ltd (BABA)

[UpTickMeA$AP]

Most are probably selling because Chinas economy is doing horrible, and on the verge of total collapse. An economy built on manufacturing, and real estate... Manufacturing is being decimated by outside investment, and demand, drying up due to communist red tape, and lack of trust. And the fake ghost city real estate boom, is flat out over... That was a trainwreck seen from a billion miles away, just waiting to happen.

Jobs are of course also drying up due to these massive failures.

Add in the population/age collapse, leaving a population with more retired... And not enough young to support..

You get a country on the verge of total meltdown.