Pedestrians walk past the Exchange Square in Central, Hong Kong. Photo: EPA-EFE
Pedestrians walk past the Exchange Square in Central, Hong Kong. Photo: EPA-EFE
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Alibaba sinks to record low while mainland China funds flee from tech sell-off in Hong Kong

  • Alibaba slumped to an all-time low and Meituan plunged before its earnings report later this week as stock bulls paid the price for mistimed optimism
  • More than US$160 billion has been erased from Chinese tech stocks traded in Hong Kong and New York over the past week

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Pedestrians walk past the Exchange Square in Central, Hong Kong. Photo: EPA-EFE
Pedestrians walk past the Exchange Square in Central, Hong Kong. Photo: EPA-EFE
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