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Alibaba shares sink to new low amid gloomy China tech outlook

Source: google.com google.com
News Snapshot:

HONG KONG/NEW YORK — The stock price of Alibaba Group Holding fell below 100 Hong Kong dollars ($13) a share for the first time Friday, a day of heavy selling in Chinese tech stocks as investors fretted about the company’s growth prospects and risk of further regulatory pressure from Beijing. †

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