Alibaba shares are cheapest ever as crackdown wipes $526bn. #Alibaba trades at PE multiple of 18.7.

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Alibaba shares are cheapest ever as crackdown wipes $526bn. #Alibaba trades at PE multiple of 18.7. That’s lowest since its 2014 debut, and the widest discount to Nasdaq 100 avg multiple on record. ADRs slumped 4% on Wed to level not seen since May2017. h/t Holger Zschaepitz

Alibaba shares are cheapest ever as crackdown wipes $526bn. #Alibaba trades at PE multiple of 18.7.

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