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2022-01-05

wow the fine just keep coming

BUZZ-Tencent falls most in near 4 months as regulator fines tech firms

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most actively traded shares by turnover    ** China's top market regulator said it has fined units of Alibaba Group   , Tencent, and Bilibili Inc    for failing to properly report about a dozen deals      ** The penalties come amid an ongoing regulatory crackdown on a range of industries in China, with the tech sector as a main target   ** Tencent has sold 14.5 mln shares in Singapore-based gaming and e-commerce firm Sea Ltd    to raise $3 bln, according to a term sheet seen by Reuters on Wednesday   ** Tencent's move comes days after it said it would divest $16.4 bln of its stake in JD.com   , weakening its ties to the e-commerce firm, amid pressure from Beijing's broad regulatory crackdown on technology firms   ** Hong Kong-listed shares of JD.com drop 6.3% and Alibaba  slip 1.1% while Bilibili    stock plunges 9.4% to an all-time low at HK$303.40      ** Hang Seng Tech Index    drops 3.5%, Hang Seng China Enterprises Index    falls 1.3%, and the Hang Seng Index    slips 0.9%(Reporting by Donny Kwok)((donny.kwok@thomsonreuters.com))","news_type":1,"symbols_score_info":{"00700":0.9,"09618":0.9,"09626":0.9,"09988":0.9,"BABA":0.9,"BILI":0.9,"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":1372,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":24,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/695115115"}