After losing $623 billion, Asia’s 2nd largest firm Tencent faces risk of nationalization

https://www.youtube.com/watch?v=4-pygPbVaSg

In early 2021, Chinese online gaming giant Tencent almost became the second trillion-dollar company in Asia after Saudi Arabian National Petroleum Corporation. But, according to Bloomberg, its shares have plunged 64% since their peak in Hong Kong in January 2021, wiping off $623 billion in market value and setting a global record. ——————- #SpotlightOnChina #China #ChinaInsights