Chinese Tech Stocks Fall, Led by E-Commerce Players

Dow Jones

06/11

By Sherry Qin

Shares of Chinese tech companies including Alibaba and JD.com slid again Thursday as concerns about regulatory scrutiny added to the broader selloff that has swept the sector.

Tech and chip-related stocks have had a bruising week of trading in China and Hong Kong, buffeted by worries over an artificial-intelligence bubble and higher rates due to the Middle East war's impact on inflation.

On Thursday, a move by Beijing's market watchdog brought up echoes of the regulatory sectorwide crackdowns that have hit some of China's biggest companies in the past.

The Beijing Municipal Administration for Market Regulation said Thursday that it summoned major Chinese e-commerce platforms--Alibaba's Taobao and Tmall, JD.com, Pinduoduo, ByteDance's Douyin and Xiaohongshu.

The market watchdog said it raised issues such as false advertising, as well as failure to disclose promotional conditions and product information. It said it is aiming to prevent excessive competition in the sector as Chinese e-commerce platforms have kicked off promotional activities for their midyear shopping festival.

Alibaba shares fell 5.9% and JD.com was 3.5% lower, leading losses among tech stocks in Hong Kong. Tencent fell 1.5% and Baidu slid 3.0%.

Write to Sherry Qin at sherry.qin@wsj.com

(END) Dow Jones Newswires

June 11, 2026 03:23 ET (07:23 GMT)

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It said it is aiming to prevent excessive competition in the sector as Chinese e-commerce platforms have kicked off promotional activities for their midyear shopping festival. \n</p>\n<p>\n  Alibaba shares fell 5.9% and JD.com was 3.5% lower, leading losses among tech stocks in Hong Kong. Tencent fell 1.5% and <a href=\"https://laohu8.com/S/09888\">Baidu</a> slid 3.0%. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Sherry Qin at sherry.qin@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2026 03:23 ET (07:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>Chinese Tech Stocks Fall, Led by E-Commerce Players</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\">\nChinese Tech Stocks Fall, Led by E-Commerce Players\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-11 15:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Sherry Qin \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of Chinese tech companies including Alibaba and JD.com slid again Thursday as concerns about regulatory scrutiny added to the broader selloff that has swept the sector. \n</p>\n<p>\n  Tech and chip-related stocks have had a bruising week of trading in China and Hong Kong, buffeted by worries over an artificial-intelligence bubble and higher rates due to the Middle East war's impact on inflation. \n</p>\n<p>\n  On Thursday, a move by Beijing's market watchdog brought up echoes of the regulatory sectorwide crackdowns that have hit some of China's biggest companies in the past. \n</p>\n<p>\n  The Beijing Municipal Administration for Market Regulation said Thursday that it summoned major Chinese e-commerce platforms--Alibaba's Taobao and Tmall, JD.com, <a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>, ByteDance's Douyin and Xiaohongshu. \n</p>\n<p>\n  The market watchdog said it raised issues such as false advertising, as well as failure to disclose promotional conditions and product information. It said it is aiming to prevent excessive competition in the sector as Chinese e-commerce platforms have kicked off promotional activities for their midyear shopping festival. \n</p>\n<p>\n  Alibaba shares fell 5.9% and JD.com was 3.5% lower, leading losses among tech stocks in Hong Kong. Tencent fell 1.5% and <a href=\"https://laohu8.com/S/09888\">Baidu</a> slid 3.0%. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Sherry Qin at sherry.qin@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 11, 2026 03:23 ET (07:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4527","symbol_name":"明星科技股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642404680","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642404680","pubTimestamp":1781162580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Chinese tech companies including Alibaba and JD.com slid again Thursday as concerns about regulatory scrutiny added to the broader selloff that has swept the sector.Tech and chip-related stocks have had a bruising week of trading in China and Hong Kong, buffeted by worries over an artificial-intelligence bubble and higher rates due to the Middle East war's impact on inflation.On Thursday, a move by Beijing's market watchdog brought up echoes of the regulatory sectorwide crackdowns that have hit some of China's biggest companies in the past.The Beijing Municipal Administration for Market Regulation said Thursday that it summoned major Chinese e-commerce platforms--Alibaba's Taobao and Tmall, JD.com, Pinduoduo, ByteDance's Douyin and Xiaohongshu.The market watchdog said it raised issues such as false advertising, as well as failure to disclose promotional conditions and product information. 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It said it is aiming to prevent excessive competition in the sector as Chinese e-commerce platforms have kicked off promotional activities for their midyear shopping festival. \n\n\n  Alibaba shares fell 5.9% and JD.com was 3.5% lower, leading losses among tech stocks in Hong Kong. Tencent fell 1.5% and Baidu slid 3.0%. \n\n\n \n\n\n  Write to Sherry Qin at sherry.qin@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 11, 2026 03:23 ET (07:23 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}