SHANGHAI -- The value of China's top companies has plunged by more than 50% in two years on the back of weak markets and a crackdown on the tech and property sectors, according to a new global ranking.
Companies
Top Chinese company valuations tumble amid crackdown: Hurun report
Drops led by tech and property sectors; Tencent, Alibaba out of global top 10
The 35 Chinese companies in the Hurun Research Institute's ranking lost 52% of their value, their steepest fall since the annual list's inaugural edition in 2020. (Source photos by Reuters)
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