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2021-08-19

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Alibaba, Baidu, JD.com, Tecent, Bilibili Stocks Lose Further Ground Amid Regulatory Crackdown

The Chinese government is considering further regulatory proposals, including measures to safeguard

Alibaba, Baidu, JD.com, Tecent, Bilibili Stocks Lose Further Ground Amid Regulatory Crackdown

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The company was slapped with afineof $2.87 billion.\nRegulators also forced <a href=\"https://laohu8.com/S/09988\">Alibaba</a>'s Ant Financial subsidiary to reorganize as a bank holding company to bring it under stricter supervision. The fintech subsidiary of Alibaba was also forced to shelve its proposed IPO.\nChina extended the crackdown to other high-profile tech names such asTencent Holdings LimitedTCEHY, and subsequently to private tutoring companies.\nTencent Warns Of Further Regulatory Action:&nbsp;The Chinese government can make fairly substantial changes to how companies use data for advertising, Tencent said on&nbsp;its Wednesday earnings call.\nDespite the regulatory overhang, the Internet technology companyreportedfairly robust quarterly results.\n<a href=\"https://laohu8.com/S/BIDU\">Baidu</a> Prices Debt Offering:&nbsp;Chinese search engineBaidu, Inc.BIDUpriced its $1-billion note offering, consisting of $300 million of 1.625% notes due 2027 and $700 million of 2.375% notes due 2031. The company expects to use the net proceeds for general corporate purposes, including paying off of certain existing indebtedness.\nBilibili <a href=\"https://laohu8.com/S/QTWO\">Q2</a> Results:&nbsp;Video sharing platform<a href=\"https://laohu8.com/S/BILI\">Bilibili Inc.</a>BILIreported Thursday better-than-expected second-quarter revenues but a wider loss. The revenue guidance for the third quarter was in line.\nChina Tech Stock Price Action:\nIn premarket trading Thursday,\nAlibaba shares are hitting a nearly two-year low at $166.33, down 3.49%.\nBaidu was slipping 2.59% to $139.26.\nBilibili was losing 3.16% to $66.30.\n<a href=\"https://laohu8.com/S/JD\">JD.com</a>, Inc.JDshares were down 3.17% to $63.45.","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, Baidu, JD.com, Tecent, Bilibili Stocks Lose Further Ground Amid Regulatory Crackdown</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba, Baidu, JD.com, Tecent, Bilibili Stocks Lose Further Ground Amid Regulatory Crackdown\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nBenzinga \n2021-08-19 21:15\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\nThe Chinese government is considering further regulatory proposals, including measures to safeguard the rights of drivers working for online companies and increasing oversight of the livestreaming industry, according to Bloomberg.\n<a href=\"https://laohu8.com/S/BABA\">Alibaba</a> Group Holding Limited&nbsp;BABA 0.03%&nbsp;came onto the regulator's radar late last year when <a href=\"https://laohu8.com/S/CAAS\">China</a> took the e-commerce giant to task for its dominant market position. The company was slapped with afineof $2.87 billion.\nRegulators also forced <a href=\"https://laohu8.com/S/09988\">Alibaba</a>'s Ant Financial subsidiary to reorganize as a bank holding company to bring it under stricter supervision. The fintech subsidiary of Alibaba was also forced to shelve its proposed IPO.\nChina extended the crackdown to other high-profile tech names such asTencent Holdings LimitedTCEHY, and subsequently to private tutoring companies.\nTencent Warns Of Further Regulatory Action:&nbsp;The Chinese government can make fairly substantial changes to how companies use data for advertising, Tencent said on&nbsp;its Wednesday earnings call.\nDespite the regulatory overhang, the Internet technology companyreportedfairly robust quarterly results.\n<a href=\"https://laohu8.com/S/BIDU\">Baidu</a> Prices Debt Offering:&nbsp;Chinese search engineBaidu, Inc.BIDUpriced its $1-billion note offering, consisting of $300 million of 1.625% notes due 2027 and $700 million of 2.375% notes due 2031. The company expects to use the net proceeds for general corporate purposes, including paying off of certain existing indebtedness.\nBilibili <a href=\"https://laohu8.com/S/QTWO\">Q2</a> Results:&nbsp;Video sharing platform<a href=\"https://laohu8.com/S/BILI\">Bilibili Inc.</a>BILIreported Thursday better-than-expected second-quarter revenues but a wider loss. The revenue guidance for the third quarter was in line.\nChina Tech Stock Price Action:\nIn premarket trading Thursday,\nAlibaba shares are hitting a nearly two-year low at $166.33, down 3.49%.\nBaidu was slipping 2.59% to $139.26.\nBilibili was losing 3.16% to $66.30.\n<a href=\"https://laohu8.com/S/JD\">JD.com</a>, Inc.JDshares were down 3.17% to $63.45.\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126990600","content_text":"The Chinese government is considering further regulatory proposals, including measures to safeguard the rights of drivers working for online companies and increasing oversight of the livestreaming industry, according to Bloomberg.\nAlibaba Group Holding Limited BABA 0.03% came onto the regulator's radar late last year when China took the e-commerce giant to task for its dominant market position. The company was slapped with afineof $2.87 billion.\nRegulators also forced Alibaba's Ant Financial subsidiary to reorganize as a bank holding company to bring it under stricter supervision. The fintech subsidiary of Alibaba was also forced to shelve its proposed IPO.\nChina extended the crackdown to other high-profile tech names such asTencent Holdings LimitedTCEHY, and subsequently to private tutoring companies.\nTencent Warns Of Further Regulatory Action: The Chinese government can make fairly substantial changes to how companies use data for advertising, Tencent said on its Wednesday earnings call.\nDespite the regulatory overhang, the Internet technology companyreportedfairly robust quarterly results.\nBaidu Prices Debt Offering: Chinese search engineBaidu, Inc.BIDUpriced its $1-billion note offering, consisting of $300 million of 1.625% notes due 2027 and $700 million of 2.375% notes due 2031. The company expects to use the net proceeds for general corporate purposes, including paying off of certain existing indebtedness.\nBilibili Q2 Results: Video sharing platformBilibili Inc.BILIreported Thursday better-than-expected second-quarter revenues but a wider loss. The revenue guidance for the third quarter was in line.\nChina Tech Stock Price Action:\nIn premarket trading Thursday,\nAlibaba shares are hitting a nearly two-year low at $166.33, down 3.49%.\nBaidu was slipping 2.59% to $139.26.\nBilibili was losing 3.16% to $66.30.\nJD.com, Inc.JDshares were down 3.17% to $63.45.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":644,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Alibaba, Baidu, JD.com, Tecent, Bilibili Stocks Lose Further Ground Amid Regulatory Crackdown

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