Chinese Stocks Fall On Report US Is 'Considering' Alibaba, Tencent Ban

The stocks of several Chinese companies are trading lower after a report emerged that U.S. officials are considering banning Americans from investing in Alibaba Group Holding BABA and Tencent TCEHY.

What Happened: U.S. officials are considering prohibiting Americans from investing in the two most valuable publicly listed Chinese tech companies, according to the Wall Street Journal, citing people familiar with the matter.

The U.S. State Department and Department of Defense officials have been holding discussions on whether to expand its blacklist of companies that are barred from U.S. investments because of ties to China's military.

Price Action: Alibaba is the world's largest online and mobile commerce company, measured by GMV. It operates China's most-visited online marketplaces, including Taobao and Tmall.

Alibaba ADR shares were trading down 4.86% at $228.80. The stock has a 52-week high of $319.32 and a 52-week low of $169.95.

JD.com JD is China's second-largest e-commerce company after Alibaba in terms of transaction volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery.

JD.com shares were trading down 6.95% at $88.86. The stock has a 52-week high of $96.20 and a 52-week low of $32.70.

Tencent is a Chinese Internet giant with businesses and investments in a wide variety of Internet services and contents. Major services include Weixin/WeChat and QQ, online PC and mobile games and much more.

Tencent shares were trading down 3.40% at $74.05. The stock has a 52-week high of $81.35 and a 52-week low of $40.80.

Nio Inc - ADR NIO operates in China's premium electric vehicle market. The company designs, jointly manufactures and sells smart and connected premium electric vehicles, driving innovations in next-generation technologies in connectivity, autonomous driving and artificial intelligence. Its models include the EP9 supercar, ES8, ES6 and EC6.

Nio shares were down 4.66% at $50.76.The stock has a 52-week high of $57.20 and a 52-week low of $2.11.

Baidu, Inc BIDU is an internet search engine in China. The firm generates 86% of revenue from online marketing services and the rest from other segments. Baidu is a technology-driven company and has been investing in AI technology, such as autonomously driven cars.

Baidu shares are trading down 4.24% at $204.93. The stock has a 52-week high of $227.58 and a 52-week low of $82.

Pinduoduo PDD provides a platform for buyers with value-for-money merchandise and fun and interactive shopping experiences. The company's whole revenue is derived from within the People's Republic of China.

Pinduoduo shares were trading down 4.93% at $177.97. The stock has a 52-week high of $187.70 and a 52-week low of $30.20.