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Alibaba and Tencent lost a combined $66B in market value in ~24 hours after investors punished the two Chinese tech leaders for unclear AI monetization plans (Bloomberg) from Techmeme RSS feed.
Alibaba and Tencent lost a combined $66B in market value in ~24 hours after investors punished the two Chinese tech leaders for unclear AI monetization plans (Bloomberg)
Bloomberg:
Alibaba and Tencent lost a combined $66B in market value in ~24 hours after investors punished the two Chinese tech leaders for unclear AI monetization plans — Alibaba Group Holding Ltd. and Tencent Holdings Ltd. lost $66 billion of market value in roughly 24 hours, after the market punished …