![A Meituan ad inside a subway station is pictured in Beijing in July. Chinese tech stocks keep getting slammed with a massive sell-off that has wiped out hundreds of billions of dollars in market value as investors continue to digest Beijing's widening crackdown on private enterprise.](https://abc17news.b-cdn.net/abc17news.com/2021/07/hypatia-h_4934cf4e6945c01990563ef659fc07dc-h_84baab77e114d823895ad455ff7038e0-300-375x225.jpg)
Meituan, Tencent and Alibaba just lost hundreds of billions of dollars in market value
By Michelle Toh, CNN Business Chinese tech stocks keep getting slammed with a stunningly massive sell-off that has wiped out hundreds of billions of dollars in market value as investors continue to digest Beijing’s widening crackdown on private enterprise. Meituan closed down 17.7% in Hong Kong on Tuesday, eclipsing Monday’s massive 14% loss — making
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