SEOUL (BLOOMBERG) – Alibaba Group Holding's US-listed shares slipped after China's regulator denied a Bloomberg News report that it has started early stage discussions on reviving the initial public offering (IPO) of Jack Ma's Ant Group.

Shares of the e-commerce giant dropped 8.1 per cent on Thursday (June 9), after shooting up around 7 per cent in premarket trading on the Bloomberg report.

Alibaba shares drop after China regulator quashes talk of Ant IPO revival comes via ChinaTechNews.com.