Alibaba, Bilibili, and China Tech Stocks Slide on Live Streaming Crackdown

Apr 19, 2022

Alibaba, Bilibili, and China Tech Stocks Slide on Live Streaming Crackdown.

Chinese technology stocks fell in Hong Kong on Tuesday as a result of Beijing's tougher rules on the country's live streaming industry, as well as fears over DiDi Global's anticipated delisting in the United States.

Shares of video-game streaming company Bilibili (BILI) fell 11.5 percent in Hong Kong, and its American depositary receipts fell 4.2 percent after China's Central Cyberspace Administration announced a two-month "special action" to combat illegal content in the country's online live broadcasting and short video industries.

In Hong Kong, shares of Chinese short video maker Kuaishou Technology sank 3.5 percent, NetEase (NTES) lost 3.5 percent, and Alibaba (BABA) fell 4.2 percent. Alibaba's shares on the New York Stock Exchange sank 2.3 percent in premarket trade Tuesday. Over the last few months, the Chinese government has taken steps to restrict the country's expanding IT sector.

The Hang Seng Tech index in Hong Kong plummeted over 4% on Tuesday when trade resumed after a long weekend. The Hang Seng index, which is more representative of the Chinese economy, plummeted by 2.5 percent.

DiDi (DIDI) shares in the United States increased 0.5 percent Tuesday after plunging more than 18 percent the previous day. The Chinese ride-hailing business announced its intention to withdraw from the New York Stock Exchange on May 23. It intends to conduct an extraordinary shareholders' meeting to vote on its delisting. According to Jeffrey Halley, senior market analyst at Oanda, the Hang Seng experienced a "torrid" day on Tuesday, which was "possibly also pulled down by China ADR delisting votes."

Subscribe Our Newsletter

JPMorgan Says Be Ready for 40% Commodities Rally in Market Shift
JPMorgan Says Be Ready for 40% Commodities Rally in Market Shift

Commodities, according to JPMorgan Chase & Co, might climb by 40%, resulting in record growth if investors increase their time and money spent on it during a period of rapidly rising prices.

Banks and Finance
Twitter and Elon Musk Are Again in The News. So Bye, Tesla Stocks!

Milena

Twitter and Elon Musk Are Again in The News. So Bye, Tesla Stocks!

Recent incidents demonstrate once more why Tesla shareholders wish Elon Musk would tweet less. Here is why.

Stocks
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Alexander

How to Build a Profitable Forex Brokerage in 2024?
The Forex market is an incredibly lucrative industry that continues to experience significant growth year after year. In 2023, its total size reached

discover
LocalMonero Alternatives

Nato

Top LocalMonero Alternatives to Consider in 2025

LocalMonero isn't your only option! Explore the best LocalMonero alternatives for peer-to-peer crypto trading, secure exchanges, and a seamless user experience.

Blockchain
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors

    Hazem

    The Cup and Handle Pattern – How Trade Using This Bullish Indicator?

    Cup and Handle Pattern – How to Predict Price Breakouts?

    Hazem

    Year-Over-Year (YoY): What It Means? How It’s Used in Finance?

    Year-Over-Year (YoY): How to Calculate Business Performance?

    Constantine

    What is WAGMI and NGMI? Understanding Crypto Slangs

    WAGMI vs. NGMI

    Alexander

    Litecoin Mining Guide: How to Get Started in 2025?

    Litecoin Mining Guide: How to Get Started in 2025?

    Constantine

    What is Thruster (THRUST): An Advanced AMM for the Blast Ecosystem

    Thruster (THRUST): How Does it Revolutionise DeFi?

    Constantine

    How Does Polymarket Work? Detailed Guide

    How Does Polymarket Work? Comprehensive Guide

    Constantine

    Coinbase vs. Сoinbase Pro: Which Platform is Right for You?

    Coinbase vs. Coinbase Pro
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.