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Home » News » China’s tech clampdown wipes $260 billion off share values

China’s tech clampdown wipes $260 billion off share values

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Chinese technology giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms.

The post China’s tech clampdown wipes $260 billion off share values appeared first on TODAY.



Posted by Dayoung on Tuesday, 10 November 2020 - Rating: 4.8
Title : China’s tech clampdown wipes $260 billion off share values
Description : Chinese technology giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd shed almost $260 billion of market value over two days of ...

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