Why Bilibili, KE Holdings And GDS Holdings Stock Are Falling

Shares of several Chinese companies are trading lower again Tuesday amid a rise in COVID-19 cases in China, which has resulted in lockdown measures.

Additionally, Chinese financial regulators have asked banks to stabilize lending to property developers and construction companies, reflecting Beijing’s latest effort to turn around the real-estate crisis and boost economic growth, reported Bloomberg.

Beijing has warned it was facing its most severe test of COVID as it tightened rules for entering the city. Guangzhou, a city of about 19 million people is battling the largest of recent outbreaks and has ordered a five-day lockdown for its most populous district Baiyun, according to the report...Read More

According to data from Benzinga Pro:

Bilibili Inc - ADR BILI is trading lower by 4.81% to $12.87

KE Holdings Inc - ADR BEKE is lower by 5.77% to $13.87

GDS Holdings Ltd - ADR GDS is lower by 14.54% to $11.81