China 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., Tencent Holdings Ltd. and Ping An Healthcare & Technology Co., which were named in the latest executive punishment notices, respectively fell 6.4%, 2.7% and 4.0%. Among peers, Inc. was down 4.7% and Meituan shed 5.5%.


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