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ATHM - Chinese internet stocks drop with Tencent news
Autohome Inc. American Depositary Shares each representing one class A.
Chinese internet—related stocks continue to feel pressure from Tencent’s (OTCPK:TCEHY-10%) plans to focus on investments rather than short-term margins and Naspers’ $10.6B sale of Tencent shares.
More news on: Tencent Holding Ltd. ADR, Vipshop Holdings, Baozun, Tech stocks news, Stocks on the move,