China's economic slowdown and its crackdown on tech companies have been blamed for new stock listings in Hong Kong plummeting to a nine-year low

Tencent Music said revenue dropped to 6.64 billion yuan ($979 million) in the first quarter ended March 31, partly due to lower ad sales after a fresh bout of Covid-19 cases in China

Tech executives including Qihoo 360's Zhou Hongyi and Baidu's Robin Li are attending the meeting with Vice Premier Liu He, said people familiar with the matter.

Chinese tech stock surge, gaining faster than overall stock market as investors hope China's tech crackdown is easing.

The suit is the latest development in a long-standing rivalry between the Chinese tech giants and their efforts to add users

Chinese mainland stocks also closed down as Covid concerns outweighed the boost of support pledges from Beijing

The Biden administration plans to allow a Trump-era rule targeting Chinese tech firms deemed to pose a threat to the US to take effect despite objections from businesses