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Alibaba's market value fell nearly 1% and was overtaken by Ethereum, and the market value evaporated 5 Xiaomi groups during the year

Alibaba's market value fell nearly 1% and was overtaken by Ethereum, and the market value evaporated 5 Xiaomi groups during the year

On October 18, AI Finance and Economics quoted Assetdash data as saying that ETH rose 2.2% in early trading at $3872 / piece, with a total market value of $457 billion, ranking 15th in the global asset list.

Behind him is Alibaba. It is reported that Alibaba's Hong Kong stocks opened today down 1% to 160.8 Hong Kong dollars per share, with a total market value of 3.49 trillion Hong Kong dollars (about 448 billion US dollars).

Since entering 2021, Alibaba's Hong Kong stock K-line has been volatile, from the highest 270 Hong Kong dollars / share in the year to the recent 132 Hong Kong dollars / share, a decline of more than 50%, and the market value of the year evaporated by nearly 3 trillion Hong Kong dollars (more than 5 millet groups). As of press time, the total market value of Xiaomi Group is HK$527.9 billion.

Ethereum, on the other hand, oscillated all the way higher after a new low of $714.68/coin in early 2021. It reached a record high of $4371.54 on May 12, nearly doubling during the year. But then entered the shock consolidation, now quoted at $3870 / piece. (Text | AI Finance & Economics Zhao Hao)

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