China Govt Crackdown: Tencent Is Worst Stock Bet With $170 Billion Wipeout

It is really disturbing time for Chinese tech giants as the government started its unprecedented crackdown on its technology industry. According to information, Chinese internet giant Tencent Holdings Ltd stock valueation tumbled 23% in July as of Wednesday and erased about $170 billion. That marks the fastest evaporation of shareholder wealth worldwide during this period, … Continue reading China Govt Crackdown: Tencent Is Worst Stock Bet With $170 Billion Wipeout