Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

Tencent Holdings, Ant Group, Baidu and JD.com are among signatories to a pact to stop secondary trading in NFTs and other digital collectibles

Total sales over the '618' period rose 10.3% over the 18 days to Sunday, sharply down from the 2021 event's growth of 27.7%, JD.com said

The JD Technology IPO is a $2-billion listing planned for Hong Kong later this year, but it has been held up by CSRC concerns over its consumer fintech business.

The Hang Seng Tech Index was down by 3.3% at the close of trading in Hong Kong and has dropped by about 12% since April 28

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

Xu will also join the company's board as an executive director, while Richard Liu will retain his title as the board chairman, JD.com said