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Alibaba, Tencent Dip as China Bans Big Discounts on Group Buys
Wang Hai | Lu Hanzhi
Alibaba, Tencent Dip as China Bans Big Discounts on Group Buys
(Yicai Global) Dec. 23 Shares in tech giants Alibaba Group Holding and Tencent Holdings wobbled today as China’s regulators yesterday introduced a new slew of anti-monopoly regulations to prevent dominant internet platforms from undercutting the competition with substantial subsidies for bulk orders.
Hangzhou-based Alibaba’s stock price [HKG:9988] closed down 0.16 percent at HKD248.40 (USD32), while Shenzhen-based Tencent [HKG:0700] fell 0.26 percent to HKD571.
Big players in the country’s e-commerce sector have been upsetting the normal order of things and squeezing out smaller retailers by offering discounts on bulk-buy orders that go below the manufacturer’s price. ....

Hong Kong , Kim Taylor , Cangzhou Huahai Shunda , Qian Qinghua , Shen Meng , Tencent Holdings , Alibaba Group Holding , Hong Kong International New Economic Research Institute , Yicai Global , Shenzhen Based Tencent , Cangzhou Huahai Shunda Grain , Oil Seasoning , Zheng Lei , Hong Kong International New Economic Research , Chanson Capital , ஹாங் காங் , கிம் டெய்லர் , ஷென் மெங் , அலிபாபா குழு வைத்திருத்தல் , ஹாங் காங் சர்வதேச புதியது பொருளாதார ஆராய்ச்சி நிறுவனம் , எண்ணெய் சுவையூட்டும் , ஜெங் லீ , ஹாங் காங் சர்வதேச புதியது பொருளாதார ஆராய்ச்சி , சான்சன் மூலதனம் ,