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Internet companies face even more regulations

China’s battered tech stocks finally rallied on Thursday. On the Hong Kong stock exchange, the share price of Chinese internet giant Tencent leaped more than ten percent. Alibaba was up 7.7 percent and delivery service Meituan was up 9.5 percent. Investors were somewhat relieved by this leap in share prices, but lately, there is very little to laugh about for owners of Chinese internet stocks. The tech crackdown continues.

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