China's Regulators Punished Tech Giants. What Could Come Next. - Barron's

Chinese stocks slid on Friday as regulators fined a dozen companies, including Tencent Holdings, amid Beijing’s ongoing antimonopoly crackdown of internet companies. Plus, the chief executive of embattled Ant Group resigned, and reports surfaced that Alibaba Group Holding could face a hefty fine though softer regulatory measures than those targeting fintech affiliate Ant.

Investors have closely monitored how regulators deal with Ant, and Alibaba (BABA) and Ant co-founder Jack Ma, whose comments last fall irked Beijing officials...

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