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.
"It will now set a precedent for other U.S.-listed companies, especially those with data concerns," said Justin Tang, head of Asian Research at United First Partners, Singapore. Heavyweights Alibaba, Baidu and JD.com shed between 4.5per cent and 5per cent, with investors on edge as Beijing targets sectors ranging from gaming to education.
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