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

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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