China tech
Tencent, Alibaba and BYD see growth fade from scant domestic demand
Much of the growth posted by China’s tech giants after the rise of DeepSeek has been erased. (Source photos by Reuters)
HONG KONG — Share prices of China’s biggest tech companies, including Tencent Holdings and BYD, have been sluggish as deflationary pressures from weak domestic demand dampen gains made during last year’s DeepSeek-fueled artificial intelligence rally.