Tencent and Alibaba’s shares rise as China’s state planner acknowledges their contributions to tech innovation


China’s National Development and Reform Commission (NDRC), said that platform companies like Tencent and Alibaba have become key players in areas of tech innovation that China is prioritising, such as semiconductors and autonomous driving. Following this, Tencent’s shares rose by 1.8 per cent and Alibaba’s shares jumped by 1.86 per cent in the Hong Kong market



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