After $140 Billion Wipeout, Alibaba and Tencent Bid for Comeback
- The Chinese internet giants report earnings later this week
- Consumer spending remains resilient to a slowing economy
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China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war in May. As Alibaba Group Holding Ltd. and Tencent Holdings Ltd. report earnings this week back-to-back, they’ll try to show the punishment is overdone.