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Asian markets advance after S&P 500 snaps losing streak
Alibaba Group, stepping up official efforts to tighten control over the country’s fast-growing tech industries.China’s State Administration for Market Regulation also recently summoned six companies, including Alibaba and other e-commerce platforms such as JD.com and Pinduoduo, gaming company Tencent, food delivery firm Meituan and ridesharing firm Didi Chuxing to discuss other aspects of their operations. Alibaba Group Holding's share price plunged 8.1% in Hong Kong.