(Bloomberg) — With 22 pages of vaguely worded edicts, China has cast doubt on the future of its biggest internet companies and ignited a $290 billion equity selloff.Investors are now gaming out how bad it might get for Alibaba Group Holding Ltd., Tencent Holdings Ltd. and other Chinese internet giants as Xi Jinping’s government prepares to roll out a raft of new anti-monopoly regulations.As is almost always the case, the country’s leaders have said little about how harshly they plan to clamp down or why they decided to act now. But the draft rules released Tuesday give the government wide …read more
Source:: Yahoo Finance
