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Alibaba Stock and Others Fall After New Chinese Scrutiny. Why the Worst May Be Over.


Alibaba, Tencent, Baidu, and other Chinese tech companies were under pressure Monday, after the country’s competition regulator issued a flurry of new fines over the weekend—the latest installment in a wave of antitrust investigations.

Shares in Alibaba (ticker: BABA) were down 0.3% in U.S. premarket trading, with the company’s Hong Kong-listed shares (9988.H.K.) having fallen 1.6% Monday. Tencent (0700.H.K.) slipped 0.3% in Hong Kong while Baidu (9888.H.K.) declined 2.1%.


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