China ADRs fall after domestic market eases following record

Tencent Music Entertainment

13/01/2026 14:06

** U.S.-listed shares of Chinese companies fall premarket tracking declines in domestic market

** Chinese blue-chip CSI300 Index .CSI300 and the Shanghai Composite Index .SSEC ease after the Shanghai Composite Index hit a decade-high in the previous session

** E-commerce firms Alibaba Group BABA.N, JD.com JD.O and PDD Holdings PDD.O fall between 1.3% and 5.2%

** Gaming stocks Bilibili BILI.O slides 1.5% and peer NetEase NTES.O down 1.8%, while search engine giant Baidu  BIDU.O sheds 3.5%

** EV firm Li Auto LI.O slips 1.2%

** Music streaming co Tencent Music Entertainment TME.N and online video platform IQIYI IQ.O fall 1.4% and 0.4%, respectively, while Social media co Weibo WB.O and live streaming platform Huya HUYA.N lose 1.7% and 0.3%, respectively

** Online education firms TAL Education Group TAL.N and New Oriental Education & Technology Group EDU.N down 0.5%-1.5%

** Online brokerages Futu Holdings FUTU.O and UP Fintech Holding TIGR.O dip 1% and 1.5%, respectively

** China ETFs such as IShares MSCI China ETF MCHI.O, China Large-Cap ETF FXI.N and KraneShares CSI China Internet ETF KWEB.K fall 1%-2%, while Direxion China CSI Daily Bull 2X CWEB.K slides 3.7%

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com))