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Alibaba, Tencent Music and Didi Extend Losses Amid Chinese Stock Market Rout – TheStreet

July 28, 2021
Source: rachidone.com rachidone.com
News Snapshot:
Alibaba ( BABA ) – Get Report , Tencent Music Entertainment ( TME ) – https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=TME , Didi Global ( DIDI ) – https://secure2.thestreet.com/cap/prm.do?OID=033365&ticker=DIDI and other shares of Chinese-owned tech companies traded lower on Tuesday amid an ongoing selloff spurred by China’s widening crackdown on internet companies whose shares are listed in the U.S. and other markets outside of China. At last check, Alibaba shares were down 2.94% at $185 after falling more than 7% on Monday. Shares of Tencent were down 1.77% at $10.77 after falling 3% on Monday. Shares of ride-hailing app Didi, which became entangled in Beijing’s...
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