Business

Chinese tech giants stocks remain industry-leading

Despite increased pressure from Chinese regulators on the country’s largest technology companies Alibaba and Tencent, their shares remain leading in the Chinese industry. This is reported by the publication PaySpace Magazine, referring to the opinions of experts.

Increased interest in these companies from government agencies slightly reduced the value of their shares in the previous few days, which led to a decline in the securities of other representatives of this area of the Chinese economy.

The quotes of the leading Internet companies in are also negatively affected by the information that their shares may be excluded from the US stock indexes if they do not provide the necessary reports on the state of their finances to US regulators.

However, even all these factors, which have a negative effect on the securities of Alibaba and Tencent, could not reduce their leading role in the Chinese technology industry.



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