TCEHY, BABA, BIDU, JD, PDD: Why Are Chinese Stocks Down Today?

InvestorPlace2022-04-08

Chinese stocks are down nearly across the board today following news that multinational tech company Tencent(OTCMKTS:TCEHY) will shut down its video game streaming platform. Chinese regulators have ...

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Comment（16）

AdenSG
·2022-04-08
China Stocks SUCKS. (Recently)
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1
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Ashish
·2022-04-08
Like pla
Reply
1
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Jasther
·2022-04-08
[Sad]
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2
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potato112
·2022-04-08
Like pls. Tq
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2
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Buzzy
·2022-04-08
Getting sick of China stocks.
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2
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slcm
·2022-04-08
Further downside?
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2
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苗派
·2022-04-08
Investors do not like uncertainty, risk off would be the choice. 😰
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4
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imsomeonelse
·2022-04-08
Never ending
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6
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Dragonbody
·2022-04-08
[Surprised]
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4
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Jess261
·2022-04-08
Okay
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4
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JFK
·2022-04-08
Like
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6
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MHh
·2022-04-08
Seems like the regulations are not ending asthe government hinted. Greater push factor to expand abroad quickly!
Reply
9
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LWayn
·2022-04-08
Like pls
Reply
3
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Bash
·2022-04-08
Ok
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2
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Bash
·2022-04-08
Pls like and comments, thank you
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5
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pet
·2022-04-08
like
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1
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Chinese regulators have ...</p>\n\n<a href=\"https://investorplace.com/2022/04/tcehy-baba-bidu-jd-pdd-why-are-chinese-stocks-down-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JD","symbol_name":"京东","start_time":0,"source_url":"https://investorplace.com/2022/04/tcehy-baba-bidu-jd-pdd-why-are-chinese-stocks-down-today/","article_id":"1159808630","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1159808630","pubTimestamp":1649374872,"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Chinese stocks are down nearly across the board today following news that multinational tech company","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"JD":"京东","PDD":"拼多多"},"translate_title":"TCEHY、BABA、BIDU、JD、PDD：为什么中国股市今天下跌？","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JD":0.9,"PDD":0.9},"content_text":"Chinese stocks are down nearly across the board today following news that multinational tech company Tencent(OTCMKTS:TCEHY) will shut down its video game streaming platform. Chinese regulators have been prying into Tencent’s operations for months as part of a greater tech sector crackdown. Additionally, today’s news may be a consequence of the denied merger between Tencent, Huya (NYSE:HUYA) and DouYu(NASDAQ:DOYU) that regulators rejected last year.So, what’s going on with Chinese stocks today?Tencent announced that on June 7, its Penguin Esports streaming service will be removed from app stores. It seems Tencent can’t catch a break as today’s news follows a miserable Q4 earnings call. Indeed, the company reported its slowest quarterly revenue growth in its history as a public company.Today’s development comes as China attempts to cut down video game use in children under 18. This has translated into limited online time for children and blocking the release of controversial titles.A number of major Chinese companies seem to be falling today on Tencent’s latest announcement. But that’s not the only news out of China lately.Chinese Stocks Sink on Mounting Regulatory ConcernsIn addition to Tencent’s streaming platform cancellation, JD.com’s(NASDAQ:JD) founder and Chief Executive, Richard Liu,has stepped down from the company. Indeed, China’s second-largest e-commerce company has experienced its own share of regulatory woes lately. Liu joins an ever-growing list of executives leaving their companies amid sweeping tech sector crackdowns.Liu previously hinted at leaving his role in the company. However, his departure has nonetheless been a sign of changing tides for many investors. JD, alongside the greater Chinese tech market, has experienced something of a selloff since its highs last year. JD has lost nearly 45% of its market capitalization since it peaked at $92 billion in 2021.Tencent, Alibaba(NYSE:BABA) and JD.com stocks are each down between 1% and 3% so far today. The big loser today, however, is undeniably Pinduoduo(NASDAQ:PDD), down 6% today.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9015003641,"gmtCreate":1649386012701,"gmtModify":1676534503900,"author":{"id":"4089256295513790","authorId":"4089256295513790","name":"AdenSG","avatar":"https://community-static.tradeup.com/news/92ca6c692acc2f1f80d30ac92cd4f467","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"4089256295513790","authorIdStr":"4089256295513790"},"htmlText":"China Stocks SUCKS. (Recently)","listText":"China Stocks SUCKS. (Recently)","text":"China Stocks SUCKS. (Recently)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9015003641","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012776973,"gmtCreate":1649385042323,"gmtModify":1676534503575,"author":{"id":"3554959936968759","authorId":"3554959936968759","name":"Ashish","avatar":"https://static.tigerbbs.com/3be2c16a3f991c655e70424d200c7389","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3554959936968759","authorIdStr":"3554959936968759"},"htmlText":"Like pla","listText":"Like pla","text":"Like pla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012776973","repostId":1159808630,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012747151,"gmtCreate":1649384407979,"gmtModify":1676534503474,"author":{"id":"3575950728325648","authorId":"3575950728325648","name":"Jasther","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575950728325648","authorIdStr":"3575950728325648"},"htmlText":"[Sad]&nbsp;","listText":"[Sad]&nbsp;","text":"[Sad]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012747151","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012780295,"gmtCreate":1649379744051,"gmtModify":1676534502370,"author":{"id":"4101534862379370","authorId":"4101534862379370","name":"potato112","avatar":"https://static.itradeup.com/news/c979f6cdb3624170ce5e74ecfed3c464","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4101534862379370","authorIdStr":"4101534862379370"},"htmlText":"Like pls. Tq","listText":"Like pls. Tq","text":"Like pls. Tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012780295","repostId":1159808630,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012730916,"gmtCreate":1649378375367,"gmtModify":1676534501800,"author":{"id":"4088594737253230","authorId":"4088594737253230","name":"Buzzy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4088594737253230","authorIdStr":"4088594737253230"},"htmlText":"Getting sick of China stocks.","listText":"Getting sick of China stocks.","text":"Getting sick of China stocks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012730916","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012700982,"gmtCreate":1649377200381,"gmtModify":1676534501167,"author":{"id":"4093090811777160","authorId":"4093090811777160","name":"slcm","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4093090811777160","authorIdStr":"4093090811777160"},"htmlText":"Further downside?","listText":"Further downside?","text":"Further downside?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012700982","repostId":1159808630,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012476133,"gmtCreate":1649376970300,"gmtModify":1676534501077,"author":{"id":"3579215816370312","authorId":"3579215816370312","name":"苗派","avatar":"https://static.itradeup.com/news/3e240c0ff43f51cf950707d226f79472","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3579215816370312","authorIdStr":"3579215816370312"},"htmlText":"Investors do not like uncertainty, risk off would be the choice. 😰","listText":"Investors do not like uncertainty, risk off would be the choice. 😰","text":"Investors do not like uncertainty, risk off would be the choice. 😰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012476133","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012422111,"gmtCreate":1649375625365,"gmtModify":1676534500308,"author":{"id":"3572697049328629","authorId":"3572697049328629","name":"imsomeonelse","avatar":"https://community-static.tradeup.com/news/9294e9e7f11f190688efe808098fa12b","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3572697049328629","authorIdStr":"3572697049328629"},"htmlText":"Never ending&nbsp;","listText":"Never ending&nbsp;","text":"Never ending","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012422111","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012426452,"gmtCreate":1649375611817,"gmtModify":1676534500277,"author":{"id":"4109052217286120","authorId":"4109052217286120","name":"Dragonbody","avatar":"https://community-static.tradeup.com/news/8c619fa4bf1941f68f7764c4f6441991","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4109052217286120","authorIdStr":"4109052217286120"},"htmlText":"[Surprised]&nbsp;","listText":"[Surprised]&nbsp;","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012426452","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012426828,"gmtCreate":1649375587289,"gmtModify":1676534500285,"author":{"id":"3586490638953193","authorId":"3586490638953193","name":"Jess261","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586490638953193","authorIdStr":"3586490638953193"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012426828","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012428729,"gmtCreate":1649375541066,"gmtModify":1676534500270,"author":{"id":"3567221235003553","authorId":"3567221235003553","name":"JFK","avatar":"https://community-static.tradeup.com/news/a89af0535393568b5b43866c02b3230f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3567221235003553","authorIdStr":"3567221235003553"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012428729","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012428230,"gmtCreate":1649375528904,"gmtModify":1676534500269,"author":{"id":"4091758936365950","authorId":"4091758936365950","name":"MHh","avatar":"https://static.tigerbbs.com/54b2feced9ef5dcc9e95997d1f4db280","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"4091758936365950","authorIdStr":"4091758936365950"},"htmlText":"Seems like the regulations are not ending asthe government hinted. Greater push factor to expand abroad quickly!","listText":"Seems like the regulations are not ending asthe government hinted. Greater push factor to expand abroad quickly!","text":"Seems like the regulations are not ending asthe government hinted. Greater push factor to expand abroad quickly!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012428230","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012429572,"gmtCreate":1649375373817,"gmtModify":1676534500189,"author":{"id":"3576155950532966","authorId":"3576155950532966","name":"LWayn","avatar":"https://static.itradeup.com/news/a1494fdde392e14853a112872a51213e","vip":1,"crmLevel":3,"crmLevelSwitch":1,"idStr":"3576155950532966","authorIdStr":"3576155950532966"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012429572","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012464438,"gmtCreate":1649375186479,"gmtModify":1676534500135,"author":{"id":"4103190116775930","authorId":"4103190116775930","name":"Bash","avatar":"https://community-static.tradeup.com/news/f5507f4188c13ea01d54f079985a28eb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4103190116775930","authorIdStr":"4103190116775930"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012464438","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012464048,"gmtCreate":1649375174018,"gmtModify":1676534500112,"author":{"id":"4103190116775930","authorId":"4103190116775930","name":"Bash","avatar":"https://community-static.tradeup.com/news/f5507f4188c13ea01d54f079985a28eb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4103190116775930","authorIdStr":"4103190116775930"},"htmlText":"Pls like and comments, thank you","listText":"Pls like and comments, thank you","text":"Pls like and comments, thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012464048","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9012465248,"gmtCreate":1649375148206,"gmtModify":1676534500104,"author":{"id":"3574914454410809","authorId":"3574914454410809","name":"pet","avatar":"https://static.tigerbbs.com/d8bb8cf9a25355b93399ce59a269665b","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3574914454410809","authorIdStr":"3574914454410809"},"htmlText":"like","listText":"like","text":"like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012465248","repostId":1159808630,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":261,"commentSize":16,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}