SINGAPORE — Shares of Chinese tech giant Alibaba in Hong Kong were in the spotlight once again on Monday, after Chinese regulators ordered Alibaba-affiliate Ant Group to rectify its businesses.By the Hong Kong market close on Monday, shares of Alibaba listed in the city plunged 7.98%, adding to losses for the firm. The stock had also dived last Thursday following reports that Chinese regulators will probe the tech behemoth for suspected monopolistic behavior.Shares of other Hong Kong-listed Chinese tech firms also declined sizably: Tencent fell 6.65% while Meituan slipped 6.88%. China’s largest chipmaker SMIC also saw its stock in Hong Kong drop 4.2%. …
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