Alibaba, Tencent shares plummet 11% alongside China tech stocks as Xi tightens grip on power (CNBC: Technology)

CNBC: Technology
Alibaba, Tencent shares plummet 11% alongside China tech stocks as Xi tightens grip on power – Investors fear Chinese President Xi Jinpings tightened grip on power will lead to continued strict policies on the tech sector. …

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