The Trump administration plans to move forward with the November executive order banning Americans from investing in Chinese companies like Alibaba and Tencent. This has already affected both tech titans with Alibaba sinking more than 4% and Tencent 3.3% in morning trade with multiple government departments evaluating the impact of the ban. For Alibaba, this will come as another blow after it has been under pressure from Chinese officials who have launched an anti-monopoly probe into it last month.
