Hong Kong-listed tech giants slump on earnings

SOHO China

18/11/2021 02:07

** Tech giants listed in Hong Kong  .HSTECH  drop more than
2% in morning trade
    ** Bilibili Inc  9626.HK  leads the decline and down 12%,
after co reports Q3 adjusted loss of 4.16 yuan ($0.65)​​ per
share  urn:newsml:reuters.com:*:nL8N2S852V
    ** Baidu Inc  9888.HK  tumbles 7.6%. Co beat quarterly
revenue and profit estimates, but warned that China's regulatory
crackdown and the pandemic would weigh on advertising sales in
the coming quarters
    ** Alibaba Group  9988.HK  slumps more than 4% ahead of
results to be released later in the day
    ** Shares in Meituan  3690.HK , Kuaishou Technology
 1024.HK , JD.Com Inc  9618.HK  down more than 3% each 

 ((Jason.Xue@thomsonreuters.com))