Alibaba, JD.com Tumble in US as Xi Asserts Full Control in China

(Bloomberg) -- US-listed Chinese stocks tumbled in premarket trading, with investors spooked by President Xi Jinping’s tightening grip on China’s ruling party, as he embarks on a precedent-breaking third term with rivals gone and no successor in sight.Most Read from BloombergChina Stocks Slide as Leadership Overhaul Disappoints TradersWall Street Is Heading to Saudi Arabia as US Oil Spat SimmersSunak Edges Closer to UK Leadership as Johnson Drops OutRussian Oil Logistics in Chaos Ahead of Loomin
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