Tech titans Alibaba, Tencent dive in Hong Kong on US ban fears
Hong Kong (AFP) - Shares in China's two biggest companies Alibaba and Tencent tumbled in Hong Kong on Thursday in response to media reports that the Trump administration plans to press ahead with a ban on Americans investing in them. Ecommerce titan Alibaba sank almost four percent and internet powerhouse Tencent shed 4.7 in morning trade after the Wall Street Journal said officials in multiple government departments were assessing the impact of an investment ban. Such a move would be another blow to Alibaba, which has come under pressure from Chinese officials as regulators launch an anti-mon...