Business Maverick: Alibaba leads drop in China tech shares as regulatory fears grow

The Alibaba Group dragged Chinese tech shares lower as concerns about a crackdown on the sector resurfaced after company executives were reported to be facing anThe e-commerce giant’s stock slid as much as 5.8%, taking its decline this week to more than 15%. The Hang Seng Tech Index dropped as much as 2.

Executives from Alibaba’s cloud division have been summoned for talks by authorities in Shanghai in connection with the theft of a vast police database, the Wall Street Journal

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