HK Movers | Hong Kong-Listed Tech Heavyweights Slid, with Alibaba Down More Than 5%; JD, Baidu Down over 4%; Xiaomi, Tencent Down over 2%

Tiger Newspress

06/11

Hong Kong-listed tech heavyweights slid, with Alibaba down more than 5%; JD down over 4% after China’s market watchdog reprimanded top Chinese e-commerce players for what it said were misleading sales promotions.

Baidu down over 4%; Xiaomi, Tencent down over 2%.

The stock rout came after the Beijing branch of State Administration for Market Regulation summoned the two, along with PDD Holdings Inc., ByteDance Ltd. and Xiaohongshu Technology Co., over what officials said was false advertising during the annual “618” midyear online shopping fest, according to a report by state television CCTV.

The regulator blasted some of the companies for seemingly promising tens of billions of yuan in subsidies, according to the CCTV report. Both Alibaba’s online marketplaces Tmall and Taobao as well as JD.com failed to provide details of the actual subsidies given by the company and participating brands, it said.

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Both Alibaba’s online marketplaces Tmall and Taobao as well as JD.com failed to provide details of the actual subsidies given by the company and participating brands, it said.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HK Movers | Hong Kong-Listed Tech Heavyweights Slid, with Alibaba Down More Than 5%; JD, Baidu Down over 4%; Xiaomi, Tencent Down over 2%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHK Movers | Hong Kong-Listed Tech Heavyweights Slid, with Alibaba Down More Than 5%; JD, Baidu Down over 4%; Xiaomi, Tencent Down over 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-06-11 11:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">Hong Kong-listed tech heavyweights slid, with Alibaba down more than 5%; JD down over 4% <span>after China’s market watchdog reprimanded top Chinese e-commerce players for what it said were misleading sales promotions.</span></p><p style=\"text-align: left;\">Baidu down over 4%; Xiaomi, Tencent down over 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6bfadfdd9218139cb159d3fe081879dd\" data-align=\"center\" tg-width=\"660\" tg-height=\"252\"/><span></span></p><p style=\"text-align: left;\">The stock rout came after the Beijing branch of State Administration for Market Regulation summoned the two, along with PDD Holdings Inc., ByteDance Ltd. and Xiaohongshu Technology Co., over what officials said was false advertising during the annual “618” midyear online shopping fest, according to a report by state television CCTV.</p><p style=\"text-align: left;\">The regulator blasted some of the companies for seemingly promising tens of billions of yuan in subsidies, according to the CCTV report. Both Alibaba’s online marketplaces Tmall and Taobao as well as JD.com failed to provide details of the actual subsidies given by the company and participating brands, it said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09988","symbol_name":"阿里巴巴-W","start_time":0,"source_url":"","article_id":"1168638907","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1168638907","pubTimestamp":1781148648,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Hong Kong-listed tech heavyweights slid, with Alibaba (09988.HK) and JD.com (09618.HK) each down more than 5%; Baidu (09888.HK), Xiaomi (01810.HK), Tencent (00700.HK) and Meituan (03690.HK) also fell.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09988":"阿里巴巴-W","09618":"京东集团-SW"},"translate_title":"HK Movers|港股科技权重股下滑，阿里巴巴-SW跌超5%；京东、百度跌超4%；小米、腾讯控股跌超2%","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/41693fbdd7f3e07369829d9c665173d9","symbols_score_info":{"09988":2,"09618":2},"content_text":"Hong Kong-listed tech heavyweights slid, with Alibaba down more than 5%; JD down over 4% after China’s market watchdog reprimanded top Chinese e-commerce players for what it said were misleading sales promotions.Baidu down over 4%; Xiaomi, Tencent down over 2%.The stock rout came after the Beijing branch of State Administration for Market Regulation summoned the two, along with PDD Holdings Inc., ByteDance Ltd. and Xiaohongshu Technology Co., over what officials said was false advertising during the annual “618” midyear online shopping fest, according to a report by state television CCTV.The regulator blasted some of the companies for seemingly promising tens of billions of yuan in subsidies, according to the CCTV report. 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