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Alibaba, Tencent shares plummet 11% alongside China tech stocks as Xi tightens grip on power

Por: CNBC Tech October 24, 2022

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In this articleChina's President Xi Jinping speaking at the opening session of the 20th Chinese Communist Party's Congress at the Great Hall of the People in Beijing on Oct. 16, 2022.Noel Celis AFP Getty ImagesChinese technology stocks tanked Monday after a political reshuffle in the world's second-largest economy tightened President grip on power with investors fearing this could be a negative for private firms.Tech giants and... + full article



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