Alibaba, other tech stocks drop as Goldman downgrades China growth forecast

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Some of China’s biggest tech names fell on Monday, weighed by concerns the government may not provide enough stimulus with Goldman Sachs becoming the latest Wall Street bank to cut its growth forecasts for the world’s second-largest economy.

Shares of video-sharing platform Bilibili Inc. HK:9626 BABA slumped 5.2% in Hong Kong, while e-commerce giant Alibaba Group Holding HK:9988 BABA fell 2%, with those losses helping to drive a 0.6% decline for the Hang Seng HK:HSI index. Shares in another big tech name, Tencent Holdings…

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