News

#Dow Jones Newswires: Chinese tech stocks fall after Beijing fines Alibaba, Tencent

“Dow Jones Newswires: Chinese tech stocks fall after Beijing fines Alibaba, Tencent”

Shares of Chinese tech giants fell in Hong Kong on Monday, after Beijing fined some of the country’s largest internet companies for failing to make proper antitrust declarations on previous deals.

Alibaba Group Holding Ltd. HK:9988, Tencent Holdings Ltd. HK:700 and Ping An Healthcare & Technology Co. HK:1833, which were named in the latest executive punishment notices, respectively fell 6.4%, 2.7% and 4.0%. Among peers, JD.com Inc. HK:9618 was down 4.7% and Meituan HK:3690 shed 5.5%.

The…

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more News articles, you can visit our News category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!