News Snapshot:
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 China’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...
