Title:U.S. Said to Drop Plan for Alibaba, Tencent Investing Ban
Date:14th January 2021
Description:Jan.14 -- U.S. officials deliberated but decided against banning American investment in Alibaba Group Holding Ltd. and Tencent Holdings Ltd., according to a person familiar with the discussion. Alibaba’s Hong Kong stock climbed as much as 3.9% while Tencent rose almost 5% following the news of the reprieve. Stephen Engle reports on "Bloomberg Markets: Asia."