China tech stocks slide on Alibaba, Yangtze Memory fundraising
BABA Alibaba Group Holding Ltd ADR
$119.34 -8.57%
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- 1China tech stocks fall again Monday on concerns over fundraising by Alibaba and Yangtze Memory
- 2Alibaba raises HK$80 billion ($10.2 billion) in Hong Kong's largest-ever secondary offering
- 3Hang Seng Tech falls as much as 4%, STAR 50 drops 3.8%…fears of earnings dilution and further capital increases spread
This 3-line summary is compiled from the report below.
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