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Alibaba Group Holding (NYSE:BABA) and Tencent Holdings (OTC:TCEHY) continue to be the "benchmark" for Chinese technology stocks despite mounting state pressure on its big internet firms, Amber Hill Capital’s asset management director Jackson Wong told CNBC.  What Happened: Wong’s family and Amber Hill, who both own shares in the two companies, continue to remain bullish on the stalwarts, which they see together as "the benchmark” among China’s tech stocks. Chinese tech stocks in Hong Kong have lagged the other sectors so far in 2021, according to the CNBC report, which adds that ...

Share: Alibaba Group Holding Ltd’s (NYSE: BABA) financial services arm Ant Group has shelved its share buyback program for current and soon-to-be-former employees due to ongoing regulatory uncertainty, Bloomberg reported Monday. What Happened: Employees of the Jack Ma-founded company are stuck with shares that are difficult to value and even Ant itself is unable to determine their price, executives familiar with the matter told Bloomberg. Bloomberg Intelligence analyst Francis Chan lowered the estimate for Ant’s valuation to less than $108 billion, which is 60% less than the level arrived...