HK-listed tech shares decline after China's latest crackdown

SOHO China

17/08/2021 04:49

** Shares of internet companies listed in Hong Kong drop
following China's latest crackdown on its tech companies
    ** Chinese regulators issued regulations for the internet
sector, banning unfair competition and restricting the use of
user data  urn:newsml:reuters.com:*:nL1N2PO04L
    ** Video platform Bilibili Inc  9626.HK  plunges more than
5% to less than HK$530, its lowest since its debut in Hong Kong
    ** Internet giants Tencent  0700.HK , Alibaba  9988.HK  and
Meituan  3690.HK  slide 3.5%, 2.6%, and 1.4%, respectively
    ** Hang Seng Tech Index  .HSTECH  falls 1.2%, after
declining for four consecutive days 
    

 (Reporting by Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))