Tencent Loses $14 Billion After Criticism From Chinese Media

Chinese media and technology giant Tencent suffered a dramatic loss of $14 billion on the Hong Kong stock exchange Tuesday after heavy-handed criticism from the Communist Party mouthpiece People’s Daily, which slammed the company’s hugely popular online game “King of Glory” as being “poison” to young people. In a demonstration of the power of China’s... Read more » Henry Chu