Alibaba fell 8.2%, Baidu dropped 7.8% and JD.com shed 7.7%, with investors on edge as Beijing targets sectors ranging from gaming to education. (File pic show theAlibaba HQ at Hangzhou.)
NEW YORK: U.S.-listed shares of Alibaba, Baidu, JD.com and other Chinese firms fell on Friday as ride-hailing giant Didi Global Inc's decision to delist from the New York Stock Exchange added to worries over stricter regulatory scrutiny at home and tense Sino-U.S. relations.
Shares of Didi, which is now pursing a Hong Kong listing after succumbing to pressure from Chinese regulators concerned about data security, plunged 22.2% to end at $6.07. The company had priced its IPO at $14 apiece in June to raise $4.4 billion.
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