Alibaba: Alibaba probe stirs worry about what's next for Chinese tech – The Economic Times

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By Coco Liu Alibaba Group Holding Ltd. led a second day of frenetic selling among Chinaࢀ™s largest tech firms, driven by fears that antitrust scrutiny will spread beyond Jack Maࢀ™s internet empire and engulf the countryࢀ™s most powerful corporations. Alibaba and its three largest rivals — Tencent Holdings Ltd., food delivery giant Meituan and JD.com Inc. — have shed nearly $200 billion in Hong Kong over the two sessions since Thursday when regulators revealed an investigation into alleged monopolistic practices at Maࢀ™s signature company. That marked the formal start of the Communist Partyࢀ™s crackdown on not just Alibaba but also,…