$BABA-SW.HK$ founder Jack Ma issued an article inside the co...

$BABA-SW.HK$ 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 $KUAISHOU-W.HK$ and $BILIBILI-W.HK$ faded 1.8% and 3.3% after China had reportedly introduced new regulations on the filing of short dramas.

Other techs also retreated, with $TENCENT.HK$ 1.4% lower at $309.8, $BIDU-SW.HK$ and $NTES-S.HK$ 1.7% and 2.3% lower, and $MEITUAN-W.HK$ , $XIAOMI-W.HK$ and $JD-SW.HK$ 2.8%-3.1% lower.