Alibaba, JD.com, Baidu took a hit in the wake of the comments, while the NASDAQ Golden Dragon China Index shed some 6.59%.
Vote to delist the ride-hailing giant's ADS from the New York Stock Exchange ends saga after 2021 listing drew Beijing's ire.
South Korea's Coupang is trading 70% below its listing price and is one of many SoftBank portfolio companies, including Didi and Grab Holdings, that tumbled in the January-March quarter.