Neutral news. This means BABA is registering more ADRs. There is no statement that BABA will issue more shares (dilution). But this does show it is unlikely for BABA to be delisted. Why would you register more ADRs if you are going to be delisted?
China Gov asked Meituan to cut their fees and this scares Customers.https://www.channelnewsasia.com/business/new-chinese-regulatory-push-sends-meituan-tech-stocks-tumbling-2506831