China Stocks Hit Hard Collapse As New Regulations Squeeze Tech Companies | China Economic Fallout
Published at : September 27, 2021
China Stocks Hit Hard Collapse As New Regulations Squeeze Tech Companies | China Economic Collapse
China stocks dropped Tuesday, including Alibaba (BABA), JD.com (JD) and Tencent Holdings (TCEHY), after antitrust regulators issued new rules aimed at banning unfair competition.
The new rules, proposed by China's State Administration for Market Regulation, affect various areas, including false advertising and the handling of consumer data.
Alibaba stock dropped 4.9%, closing at 173.73 on the stock market today. JD stock fell 3.6%, to 64.26, while Tencent moved down 4% to 55.15. Also falling were Vipshop Holdings and Baidu, down 5.3% and 2.9%, respectively.... china stock market crash,china market,china stock market index,china stock market crash today,china stock market today,china stock market news,china stock market chart, etc...
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China stocks dropped Tuesday, including Alibaba (BABA), JD.com (JD) and Tencent Holdings (TCEHY), after antitrust regulators issued new rules aimed at banning unfair competition.
The new rules, proposed by China's State Administration for Market Regulation, affect various areas, including false advertising and the handling of consumer data.
Alibaba stock dropped 4.9%, closing at 173.73 on the stock market today. JD stock fell 3.6%, to 64.26, while Tencent moved down 4% to 55.15. Also falling were Vipshop Holdings and Baidu, down 5.3% and 2.9%, respectively.... china stock market crash,china market,china stock market index,china stock market crash today,china stock market today,china stock market news,china stock market chart, etc...
Like and Subscribe 🤗: https://www.youtube.com/channel/UCTbnKVWqobhZwxOYXzH1wQg?sub_confirmation=1
***************************************************************************************
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship and research.
Fair use is a use permitted by copyright statute that might otherwise be infringing.
Non-profit, educational, or personal use tips the balance in favor of fair use.
***************************************************************************************
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