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Tencent results on Wednesday are expected to show revenue rose by a mere 4.3% in the March quarter, while growth at Alibaba is projected at 7.1%.

Tencent results on Wednesday are expected to show revenue rose by a mere 4.3% in the March quarter, while growth at Alibaba is projected at 7.1%.

From Alibaba Group Holding Ltd to Tencent Holdings Ltd, China’s largest companies are once again at the center of a market storm, spurred by speculation that Beijing is readying another assault on the world’s biggest Internet arena. Three of China’s most valuable businesses — Alibaba, Tencent and Meituan — shed more than US$100 billion in the span of three turbulent days last week. It is a remarkable reversal from just a week earlier, as investors such as Berkshire Hathaway Inc chairman Charlie Munger spotted bargains among China Tech Inc after a US$1.5 trillion sell-off last year. ...

Recent events suggest that Beijing is once more preparing to rein in its private sector

(Bloomberg) -- From Alibaba to Tencent, China’s largest companies are once again at the center of a market storm, spurred by speculation that Beijing is readying another assault on the world’s biggest internet arena. Three of China’s most valuable businesses -- Alibaba Group Holding Ltd.