The rebellious Chinese giant Alibaba, whose founder allowed himself to criticize Beijing in the fall of 2020, lost $344 billion in capitalization in a year – this is a global record.

In early October, Alibaba shares fell to a record minimum in Hong Kong trading against the background of tightening demands on the company and calls from authorities to restructure its fintech business. By the end of the month, the tech giant’s share price had recovered by 30 percent, but was still 43 percent lower than in October 2020.

In addition to Alibaba, the top five “leaders” in terms of market value decline over the past year are Chinese Kuaishou Technology (minus $104 billion), Ping An (minus $66.1 billion), Tencent (65.4 billion) and American Zoom ($63 billion).