Global investors flee from Chinese Technology stocks Following the government crackdown on Ant and Alibaba

Tech Shares of major tech companies in the nation have fallen sharply in recent times, with Bloomberg Lending that Alibaba, Tencent, JD.com and Meituan have dropped around $200 billion in value in a handful of trading sessions. Already reeling from the last-minute stop of the public introduction of Ant Group, a significant Chinese fintech player with deep ties to Alibaba, the e-commerce giant came under fresh fire, since Chinaࢀ™s markets watchdog opened a probe into its business practices concerning potentially anticompetitive behavior. Ant Group was summoned from the government on December 26, causing a plan that will induce the organization…