Alibaba, Tencent hope earnings can counter selloff in wake of US-China trade war

Alibaba, Tencent hope earnings can counter selloff in wake of US-China trade war

Photographer: Michael Nagle/Bloomberg

China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war in May. As Alibaba Group Holding Ltd. and Tencent Holdings Ltd. report earnings this week back-to-back, they’ll try to show the punishment is overdone.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter