$BABA-SW (09988.HK)$ founder Jack Ma issued an article insid...

$BABA-SW(09988.HK)$ founder Jack Ma issued an article inside the company that the group is back on a healthy growth track. Its ADRs leaped 2.2%, before H shares opened 1.6% lower this morning along with the broader market. Video platforms $KUAISHOU-W(01024.HK)$ and $BILIBILI-W(09626.HK)$ faded 1.8% and 3.3% after China had reportedly introduced new regulations on the filing of short dramas.

Other techs also retreated, with $TENCENT(00700.HK)$ 1.4% lower at $309.8, $BIDU-SW(09888.HK)$ and $NTES-S(09999.HK)$ 1.7% and 2.3% lower, and $MEITUAN-W(03690.HK)$ , $XIAOMI-W(01810.HK)$ and $JD-SW(09618.HK)$ 2.8%-3.1% lower.