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U.S. crackdown dampens the excitement

U.S. crackdown dampens the excitement

Alibaba-backed Bilibili slumps in Hong Kong trading debut.

  • Bilibili Inc, which is backed by #Alibaba Group, tumbled as much as 6.8% in its Hong Kong stock debut as analysts said a U.S. regulatory crackdown on foreign firms hit enthusiasm for the Chinese online video site.
  • BTCS, a digital asset and #blockchain technology-focused company, announced its recently expanded transaction verification services operation on #Ethereum 2.0.
  • #Stocks fluctuate as investors weigh the uncertain fallout of the forced liquidation of positions held by U.S.-based hedge fund Archegos Capital.

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