Alibaba Stock and Others Fall After New Chinese Scrutiny. Why the Worst May Be Over.
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https://www.barrons.com/articles/alibaba-stock-price-new-chinese-scrutiny-51637584637
Updated Nov. 22, 2021 8:10 americium ET / Original Nov. 22, 2021 7:37 americium ET
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Alibaba, Tencent, Baidu, and different Chinese tech companies were nether unit Monday, aft the country’s contention regulator issued a flurry of caller fines implicit the weekend—the latest installment successful a question of antitrust investigations.
Shares successful Alibaba (ticker: BABA) were down 0.3% successful U.S. premarket trading, with the company’s Hong Kong-listed shares (9988.H.K.) having fallen 1.6% Monday. Tencent (0700.H.K.) slipped 0.3% successful Hong Kong portion Baidu (9888.H.K.) declined 2.1%.
China’s...
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