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December 28, 2020 06:27 pm GMT

Global investors flee from Chinese tech stocks after the government crackdown on Ant and Alibaba

Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. Shares of major technology companies in the country have fallen sharply in recent days, with […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/g2lw8KS709k/

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