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Tencent’s Hard Landing Is Stark Reminder Of Tech’s Fallibility
Right, so Tencent's rather stunning fall from grace took another turn for the worst on Wednesday.
Just to recap, Tencent is in the middle of a truly harrowing slide. In November, the company blew past Facebook in market value, making it the first Chinese tech name to join the ranks of the world’s five largest companies. Since its January peak though, it's down something on the order of 30% and perhaps most tellingly, the shares have fallen in 9 of the last ten weeks.
Headed into
