Stock Rout Wipes $141 Billion Off China's Three Tech Kings
Tech Weighs on Stocks
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China’s walled off tech universe isn’t offering its biggest companies much protection from the global equity rout.
The so-called BAT block of Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have seen their combined market value fall by $141 billion from this year’s highs as a selloff in U.S. peers spreads across the globe.