China Big Tech shares take a beating ahead of latest quarterly earnings reports

Source: South China Morning PostShares of China’s Big Tech companies continued to slump on Tuesday, ahead of their earnings report for the quarter ended March, as Beijing’s increased antitrust scrutiny added to investor concerns over high valuations and tightening monetary policy in the world’s second-largest economy.Hong Kong-listed internet giants Alibaba Group Holding, Tencent Holdings and Meituan have taken a beating amid the recent retreat of Chinese hi-tech stocks.Meituan, operator of China’s largest on-demand food…Read More

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