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China Clamps Down on Big Tech

Nov.10 -- China is stepping up its efforts to rein in some of its most powerful companies, jolting investors and dealing a blow to the country’s richest entrepreneurs. Alibaba is one of those giants in the crosshairs, plunging in the U.S. session despite a booming start to its “Singles’ Day” bonanza. Bloomberg’s Tom Mackenzie reports on “Bloomberg Daybreak: Asia.”