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Futures Slide On Amazon Plunge, But World Markets Set For 6th Month Of Gains

Futures Slide On Amazon Plunge, But World Markets Set For 6th Month Of Gains
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Tencent Share Price News: With 23% Slump In July, Tencent Is The World s Worst Stock This Month

Tencent s shares rebounded by 7.1% on Thursday morning. China s unprecedented crackdown on its technology industry has turned Tencent Holdings Ltd. from a market darling into the world s biggest stock loser this month. The Chinese Internet giant had tumbled 23% in July as of Wednesday, set for its worst month ever after erasing about $170 billion of market value. That marks the fastest evaporation of shareholder wealth worldwide during this period, Bloomberg data shows. Nine of the top 10 losers in shareholder value this month are Chinese companies, including Meituan and Alibaba Group Holding Ltd. Tencent s shares rebounded by 7.1% on Thursday morning, tracking broader gains in Chinese stocks after Beijing intensified efforts to alleviate concerns about its crackdown on the private education industry.

Under siege, China s private education giants take steps to curb fallout

Under siege, China s private education giants take steps to curb fallout Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/ Students study in their classrooms at night at a school in Yangzhou, China. | GETTY IMAGES / VIA BLOOMBERG Bloomberg Jul 29, 2021 China’s largest private education firms are moving swiftly to overhaul their businesses to adjust to a harsh new reality after Beijing launched a sweeping crackdown on the $100 billion sector. Two of the sector’s biggest names have in past days reached out to reassure investors and managers their businesses remain viable and won’t abruptly collapse, according to people familiar with the matter. Yuanfudao, the $15.5 billion startup backed by Tencent Holdings Ltd. and DST Global, plans to yank all advertising after already curtailing part of its marketing earlier this year, one of its largest expenses,

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