Chinese tech shares 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 biggest internet companies for failing to properly fulfill antitrust claims in previous transactions. there.

Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Ping An Healthcare & Technology Co., the companies named in the latest sanction notice, fell 6.4%, 2.7% and 4.0%, respectively. Among its peers, Inc. down 4.7% and Meituan down 5.5%.


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