U.S.-listed China tech stocks slide on plan for stricter internet rules

DiDi Global

27/10/2021 11:43

** U.S.-listed shares of Chinese tech cos fall pre-market
after China's internet watchdog said it is planning stricter
registration rules for younger users
    ** Cyberspace Administration of China said on Tuesday it
would ask underage users to submit personal details of guardians
as it demands more verification checks by platforms; looks to
overhaul rules for registering online accounts under real
names urn:newsml:reuters.com:*:nL8N2RM30P  urn:newsml:reuters.com:*:nL8N2RN0E0
    ** E-commerce giant JD.com  JD.O , ride-hailing firm Didi
 DIDI.K , music streaming service Tencent Music  TME.N  down
between 1.31% and 1.74% in trading before the bell
    ** Internet co Baidu Inc  BIDU.O , e-commerce platform 
Pinduodo  PDD.O , game publisher Bilibili  BILI.O  fall between
1% and 1.6% pre-market
    ** Chinese-listed shares of tech giants Alibaba Group
 9988.HK , Meituan <3690.HK, and Tencent Holdings  0700.HK  also
decline between 2.95% and 5% amid a tech stock decline that
dragged Hong Kong shares lower  urn:newsml:reuters.com:*:nAZN01QZV7

 (Reporting by Anisha Sircar)
 ((Anisha.Sircar@thomsonreuters.com))