China's Hang Seng Tech Index, which includes Chinese tech giants like Tencent and Alibaba, is down 28% since October 2025, shedding nearly $600B in market value (Bloomberg)

Bloomberg: China's Hang Seng Tech Index, which includes Chinese tech giants like Tencent and Alibaba, is down 28% since October 2025, shedding nearly $600B in market value   —  The ongoing selloff in China's megacap technology stocks shows little sign of easing, as investors fret over spiraling spending amid heated competition.