Stocks

Shares of iQIYI traded in the US have plunged in the past few months, with a cumulative decline of about 60 percent since July.

Shares of US-listed education companies jumped in pre-market trading, with the latest reports suggesting they are set for new life.

Departments including the China Securities Regulatory Commission are working to improve the rules in line with the requirement that all financial activities should be fully regulated.

Futu says it will continue to actively cooperate with regulators in its efforts and ongoing efforts to protect personal information.

According to an article in the online edition of the People's Daily, the issue of personal information of mainland citizens leaving the country may become a new test for Futu and Tiger Brokers.

Since its delisting on June 29 last year, the company has accumulated a 990 percent gain in the Pink Sheets market.

"I like the stock and think more people deserve to know about this undervalued gem," says an investor.

In terms of user duration, Bilibili has stabilized at more than 80 minutes, lower than TikTok's more than 100 minutes.

A female employee of Alibaba accused her superior and a company client of raping her, becoming the focus of attention for Chinese Internet users this weekend and leaving the Chinese e-commerce giant facing one of its biggest crises since its inception.

Citi maintained a Buy rating on Alibaba in its latest research note but lowered its price target to HK$288 ($37) from HK$297.