Alibaba, Tencent ’s $66 Billion Party Starts to Fade

China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market value since May’s end, propelled by expectations of a gradual return to pre-crackdown growth and a litany of official promises to unshackle the private sector. Yet some investors…#tencentholdingsltd #moodyscutsratings #warnsonrisksfor #xijinping #beijing #jackmabacked #antgroupco #bytedanceltd #pddholdingsinc #alibaba

Source: Reuters: Health - August 9, 2023 Category: Consumer Health News Source Type: news