{"id":24667,"date":"2020-11-12T04:39:07","date_gmt":"2020-11-11T19:39:07","guid":{"rendered":"https:\/\/www.theguardian.com\/world\/2020\/nov\/11\/chinas-biggest-tech-firms-dive-in-value-as-firms-fear-beijing-crackdown-plan"},"modified":"2020-11-12T04:39:07","modified_gmt":"2020-11-11T19:39:07","slug":"chinas-biggest-tech-firms-dive-in-value-as-firms-fear-beijing-crackdown-plan","status":"publish","type":"post","link":"https:\/\/eastasianews.net\/wp\/?p=24667","title":{"rendered":"China&#8217;s biggest tech firms dive in value as firms fear Beijing crackdown plan"},"content":{"rendered":"<p>Frantic stock sell-offs across sector anticipating \u2018monopoly\u2019 rules, with Alibaba shopping site shares falling 9.8%<\/p>\n<p>Hundreds of millions of dollars have been wiped off the value of China\u2019s biggest internet companies following two days of frenetic selling with investors fearing Beijing plans to curb the power of homegrown tech firms.<\/p>\n<p>Shares in Alibaba, a Chinese version of Amazon, dropped by 9.8% on Wednesday, while its rivals, Tencent, and JD.com, fell by 7.4% and 9.2% respectively.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/world\/2020\/nov\/11\/chinas-biggest-tech-firms-dive-in-value-as-firms-fear-beijing-crackdown-plan\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Frantic stock sell-offs across sector anticipating \u2018monopoly\u2019 rules, with Alibaba shopping site shares falling 9.8%Hundreds of millions of dollars have been wiped off the value of China\u2019s biggest internet companies following two days of frenetic sellin&#8230;<\/p>\n","protected":false},"author":1683,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"sns_share_botton_hide":"","vkExUnit_sns_title":"","_vk_print_noindex":"","sitemap_hide":"","_veu_custom_css":"","veu_display_promotion_alert":"","vkexunit_cta_each_option":"","footnotes":""},"categories":[808,41,6,50,351,1750,600,58,42],"tags":[],"class_list":["post-24667","post","type-post","status-publish","format-standard","hentry","category-alibaba","category-asia-pacific","category-business","category-china","category-internet","category-jack-ma","category-stock-markets","category-technology","category-world-news"],"veu_head_title_object":{"title":"","add_site_title":""},"_links":{"self":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/24667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/users\/1683"}],"replies":[{"embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24667"}],"version-history":[{"count":2,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/24667\/revisions"}],"predecessor-version":[{"id":24680,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=\/wp\/v2\/posts\/24667\/revisions\/24680"}],"wp:attachment":[{"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eastasianews.net\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}