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

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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%.

China’s…

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