Alibaba, JD.com, and Tencent Tumble. Why Chinese Stocks Are Under Pressure.

Chinese stocks were tumbling Monday, extending a selloff from last week amid pressures on multiple fronts, including Covid-19 lockdowns in China and regulatory threats on both sides of the Pacific.

Shares in some of the country’s largest companies saw stark declines. E-commerce giant Alibaba Group Holding (ticker: BABA) fell 10.9% in Hong Kong trading, with its US-listed stock down nearly 5% in US premarket trading.

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