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Tencent and Alibaba vanish from world's top 10 by market cap

Chinese companies bleed value under pressure from both Beijing and Washington

Alibaba Group Holding founder Jack Ma, then executive chairman, celebrates at the New York Stock Exchange on Sept. 19, 2014, the day that the company held its initial public offering and began trading there.   © Getty Images
MANAMI OGAWA, Nikkei staff writer | China

TOKYO -- Tencent Holdings and Alibaba Group Holding have dropped out of the global top 10 companies in market capitalization, new data shows, leaving no Chinese members on the list.

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