China Entertainment Shares Crash as Red Lights Flash on Ukraine, Regulation and the Return of COVID

The shares of China’s largest entertainment and tech companies plunged for a second day on Tuesday as Russia’s war in Ukraine, regulatory warnings and China’s slowing economy all combined to signal tougher times ahead. Alibaba shares crashed 11.7% to reach an all-time low of HK$71.2 in Hong Kong, where they have a secondary listing. Tencent […]

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