By the end of 11 November, the Alibaba-inspired Singles’ Day shopping carnival again topped previous records, totalling RMB 498.2 billion (US$75.15 billion) — a 26% YoY increase. These numbers would have provided grounds for still another tech rally. However, looming fears of Beijing’s determination to clamp down on China’s tech giants sank e-commerce and technology stocks, and foreign investors are…
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