Alibaba, Tencent shares plummet 11% alongside China tech stocks as Xi tightens grip on power 随着习近平收紧对权力的控制,阿里巴巴、腾讯股价与中国科技股一起暴跌11%
flip.it/Qo5AsQ Chinese technology stocks tanked Monday after a political reshuffle in the world’s second-largest economy tightened President Xi Jinping’s grip on power with investors fearing this could be a negative for private firms. Tech giants Alibaba and Tencent closed down more than 11% in Asia; search company Baidu was 12% lower while food delivery firm Meituan tanked more than 14%.