Fortune Evaporate

Alibaba ’s chairman Jack Ma saw $3.7 billion of his fortune evaporate as the e-commerce giant’s stock hit a new low since its September IPO. China’s domestic market rout has spilled-over effects on U.S.-listed stocks, as some investors scrambled to cut their China exposure. Baidu’s Robin Li and JD.com’s Richard Liu lost $1.4 billion and $1.7 billion…