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Alibaba and Other China Stocks Plunge on Report White House Is Taking Aim

Alibaba Group Holding and other Chinese stocks plunged Friday, following report that the White House is considering ways to limit U.S. investments in China amid the protracted trade dispute between the world’s two largest economies.

E-commerce giant Alibaba (ticker: BABA), one of the most high-profile Chinese companies listed in the U.S., saw the price of its American depositary receipts tumble more than 5%. The ADRs of Chinese tech giants Tencent Holdings (TCEHY) and Baidu (BIDU) dropped wider than 2.0%. Alibaba’s e-commerce...