"Shares in Tencent plunged 9.0% in Hong Kong on Tuesday amid widespread market jitters over Chinese regulatory crackdowns on high-growth sectors, including online platforms and, most recently, private tutoring. Hong Kong's benchmark Hang Seng Index (.HSI) fell 4.2%."
Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.
Fascinating how the Chinese authorities seem to be regulating the these companies with complete disregard on how the stock market might react.