China Tech Stocks Slump as Nation Issues Draft Competition Rules

Tiger Newspress2021-08-17

(Aug 17) A wave of selling in China’s bellwether technology stocks continued for a fifth day, following Beijing’s latest moves to tighten its grip on the nation’s internet giants.

China tech stocks slump in premarket trading, after China’s market regulator issued draft rules banning unfair competition among the nation’s online platform operators.

Baidu Inc. fell more than 2% while Alibaba Group Holding Ltd. dropped by at least 3%. That followed Monday’sselloffin Chinese online game firms in the wake of state media criticism of the sector, which spilled over into U.S. trading overnight as the Securities and Exchange Commissionwarnedabout the risks of investing in Chinese stocks.

The wide-ranging proposals released Tuesday come after the tech-industry ministry launched a campaign last month aimed at rooting out a raft of problematic behavior. It follows moves by Beijing to rein in the country’s internet leaders in areas from antitrust to data security and ride-hailing.

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精彩评论

JL1982
2021-08-17
JL1982
Buy some & keep! Save some bullet for year end too!
Cancles
2021-08-17
Cancles
These companies have strong fundamentals and are trading far below the valuations of US competitors who all have massive growth expectations built into their prices. Regulations are not bad if they promote fair competition. I'm buying.
- AlvinCWC:
  Can’t agree more
PCK
2021-08-17
PCK
[流泪]
TANY0051
2021-08-17
TANY0051
[Sad]
Sctzilla
2021-08-17
Sctzilla
As long as their fundamentals are sound, regulatory risk will need implementation effort to drive.
QArmieeQ
2021-08-17
QArmieeQ
Now we know what will be the future of China Tech will be. I still bullish but saving my bullet untill bottom out. Year end maybe?

发表看法

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Save some bullet for year end too!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833306060","repostId":1163960572,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":833952011,"gmtCreate":1629200078633,"gmtModify":1633686640340,"author":{"id":"3576858765094262","authorId":"3576858765094262","name":"Cancles","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576858765094262","authorIdStr":"3576858765094262"},"htmlText":"These companies have strong fundamentals and are trading far below the valuations of US competitors who all have massive growth expectations built into their prices. Regulations are not bad if they promote fair competition. I'm buying.","listText":"These companies have strong fundamentals and are trading far below the valuations of US competitors who all have massive growth expectations built into their prices. Regulations are not bad if they promote fair competition. I'm buying.","text":"These companies have strong fundamentals and are trading far below the valuations of US competitors who all have massive growth expectations built into their prices. Regulations are not bad if they promote fair competition. I'm buying.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/833952011","repostId":1163960572,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5560487,"gmtCreate":1629241340871,"gmtModify":1631894221002,"authorId":4091330416235530,"author":{"id":4091330416235530,"idStr":"4091330416235530","authorId":4091330416235530,"name":"AlvinCWC","avatar":"https://static.tigerbbs.com/0743f010c0966b125f39ff248c382345","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":833952011,"type":1,"supId":0,"prevId":0,"content":"Can’t agree more","text":"Can’t agree more","html":"Can’t agree more"}],"langContent":"EN"},{"id":833924753,"gmtCreate":1629199499972,"gmtModify":1633686645451,"author":{"id":"3568080589577956","authorId":"3568080589577956","name":"PCK","avatar":"https://static.tigerbbs.com/31fca8dc8270fe22c49e0f5ad8bfdc4c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3568080589577956","authorIdStr":"3568080589577956"},"htmlText":"[流泪]","listText":"[流泪]","text":"[流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833924753","repostId":1163960572,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":833929753,"gmtCreate":1629198932072,"gmtModify":1633686650594,"author":{"id":"4087614954520500","authorId":"4087614954520500","name":"TANY0051","avatar":"https://static.tigerbbs.com/45437e79e37475d2911f2a4b2f84983d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4087614954520500","authorIdStr":"4087614954520500"},"htmlText":"[Sad]&nbsp;","listText":"[Sad]&nbsp;","text":"[Sad]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833929753","repostId":1163960572,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":833962136,"gmtCreate":1629198384725,"gmtModify":1633686653594,"author":{"id":"3575088615997337","authorId":"3575088615997337","name":"Sctzilla","avatar":"https://static.tigerbbs.com/da92fdf7b2ad123c19abd6ec086d68d6","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575088615997337","authorIdStr":"3575088615997337"},"htmlText":"As long as their fundamentals are sound, regulatory risk will need implementation effort to drive.&nbsp;","listText":"As long as their fundamentals are sound, regulatory risk will need implementation effort to drive.&nbsp;","text":"As long as their fundamentals are sound, regulatory risk will need implementation effort to drive.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833962136","repostId":1163960572,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":833961270,"gmtCreate":1629198184390,"gmtModify":1631884235357,"author":{"id":"3572474257232421","authorId":"3572474257232421","name":"QArmieeQ","avatar":"https://static.tigerbbs.com/4880f6ec2e047cce565a00b5fd10d91f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572474257232421","authorIdStr":"3572474257232421"},"htmlText":"Now we know what will be the future of China Tech will be. I still bullish&nbsp;but saving my bullet untill bottom out.&nbsp;Year end maybe?","listText":"Now we know what will be the future of China Tech will be. I still bullish&nbsp;but saving my bullet untill bottom out.&nbsp;Year end maybe?","text":"Now we know what will be the future of China Tech will be. I still bullish but saving my bullet untill bottom out. Year end maybe?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/833961270","repostId":1163960572,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":181,"commentSize":58,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1163960572"}