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Add the Chinese internet giants to the list of tech companies under increased scrutiny by regulators. Shares of Alibaba Group Holding are down 11% since Chinese regulators targeted the country’s internet titans earlier this month. But investors may want to wait to buy the bottom.
Much like US concerns about the rise of Big Tech, Chinese authorities are concerned about the dominance and influence of major internet platforms, such as Alibaba (symbol: BABA) and its subsidiary Ant Group. , with some …
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