Hot Chinese ADRs Dipped in Premarket Trading, with Bilibili Sliding Nearly 5%

Tiger Newspress2022-01-05

Hot Chinese ADRs dipped in premarket trading, with Bilibili sliding nearly 5%.The State Administration for Market Regulation, China's top market regulator, imposed a fine of 500,000 yuan ($78,000) each on leading video platform Bilibili, Tencent Holdings and Alibaba Group for violating the Anti-Monopoly Law, according to its official website on Wednesday.

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Comment（5）

MHh
·2022-01-05
The relentless regulations! And also with Tencent divesting to reduce getting the attention of regulators on itself has sent the share price of other companies which it has invested in tumbling… is this the end already?[Cry]
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13
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AlanChia
·2022-01-05
Every few weeks the china gov will cone out with new regulations
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4
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moneywaseasy
·2022-01-05
These is tuff.
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2
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PehKY
·2022-01-05
Ok
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3
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starry123
·2022-01-05
Lol useless Chinese stocks
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3
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