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Alibaba, Bilibili, and China Tech Stocks Slide on Livestreaming Crackdown

April 20, 2022
Source: bitcoinethereumnews.com bitcoinethereumnews.com
News Snapshot:
Text size Chinese technology stocks stumbled Tuesday in Hong Kong amid tighter regulations from Beijing on the country’s livestreaming sector, and on concerns over the planned delisting in the U.S. of Shares of video-game streaming Bilibili (ticker: BILI) fell 11.5% in Hong Kong, and its American depositary receipts traded 4.2% lower after the Central Cyberspace Administration of China said Friday it was launching a two-month “special action” to, among other things, cut down on illegal content in the country’s online live broadcasting and short video industries. Shares of Chinese short video company Kuaishou Technology declined 3.5% in Hong Kong, NetEase...
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Tags: Alibaba | Beijing | Bilibili | broadcasting | China | Chinese | content | crackdown | Cyberspace Administration of China | delist | delisting | Didi | game | government | Hang Seng | Hong Kong | illegal | Kuaishou | NetEase | New York | online shopping | stock exchange | stocks | technology | Tencent

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