BEIJING (BLOOMBERG) - With 22 pages of vaguely worded edicts, China has cast doubt on the future of its biggest internet companies and ignited a US$290 billion (S$391 billion) equity selloff.
Investors are now gaming out how bad it might get for Alibaba Group Holding, Tencent Holdings and other Chinese internet giants as Xi Jinping's government prepares to roll out a raft of new anti-monopoly regulations.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you