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The Chinese Internet giant had tumbled 23% in July as of Wednesday, set for its worst month ever after erasing about $170 billion of market value. That marks the fastest evaporation of shareholder wealth worldwide during this period, Bloomberg data shows. Nine of the top 10 losers in shareholder value this month are Chinese companies, including Meituan and Alibaba Group Holding Ltd.Tencent’s shares rebounded by 7.1% on Thursday morning, tracking broader gains in Chinese stocks after Beijing intensified efforts to alleviate concerns about its crackdown on the private education industry. The Shenzhen-based firm is one of the key casualties of an official campaign that targets some of the nation’s tech behemoths considered posing a potential threat to China’s data security and financial stability. The selloff in its shares intensified earlier this week after Beijing broadened the regulatory clampdown to include other once high-flying industries such as private education.

Alicia yapPaul pongAlibaba group holding ltd tencentPegasus fund managers ltdChinese internetPegasus fund managersCrackdown is making its stocks cheapAway moreஅலிசியா யாப்பால் பாஂக்பெகாஸஸ் நிதி மேலாளர்கள் லிமிடெட்சிட்டி குழுமம்சீன இணையதளம்பெகாஸஸ் நிதி மேலாளர்கள்வழி மேலும்