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Benzinga

Politics

Adam Eckert

Why Alibaba, Baidu And Pinduoduo Shares Are Falling Today

BABA Alibaba Baidu Pinduoduo Alibaba Group Holding Ltd Baidu Inc BIDU NYSE Pinduoduo Inc

Shares of Chinese companies, including Alibaba Group Holding Ltd (NYSE:BABA), Baidu Inc (NASDAQ:BIDU) and Pinduoduo Inc (NASDAQ:PDD), are trading lower Friday after Chinese regulators pushed for food delivery platforms to cut their fees, which sparked a selloff in delivery platform Meituan and raised regulatory concerns in the country.

According to a Bloomberg report, China issued new guidelines asking delivery platforms to reduce charges for restaurants in order to lower business costs.

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A horse got loose from a Kansas family farm. Police shot it dead to the owner’s horror

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Top stories on inkl right now

‘I’m alive’: Paris street medic isn’t dead, despite viral claims he was killed by police

A video showing French riot police violently beating a 26-year-old street medic in Paris has gone viral, with social media users falsely claiming he died from his injuries. But the street medic is alive, and spoke to FRANCE 24. The rumour was fuelled by confusion with a separate incident that…

Kyle Kennedy, granddaughter of Robert F Kennedy, dies aged 42

Kyle Kennedy, granddaughter of Robert F Kennedy, dies aged 42

Kennedy taught in New York public schools and advocated for disability rights after suffering severe spinal cord injury

The Guardian - US

Schools in England must recognise antisemitism as distinct category of harm, report says

Schools in England must recognise antisemitism as distinct category of harm, report says

Government expected to accept recommendations of review, which found three in five Jewish students had experienced prejudice

The Guardian - UK

Trump suggests he could be ‘arbitrator’ in DoJ anti-fraud whistleblower scheme

Trump suggests he could be ‘arbitrator’ in DoJ anti-fraud whistleblower scheme

President makes suggestion while announcing new program to reward tipsters who submit fraud allegations

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

A horse got loose from a Kansas family farm. Police shot it dead to the owner’s horror

A horse got loose from a Kansas family farm. Police shot it dead to the owner’s horror

Jenny Haynes disputed the official police account after reviewing an incident report that she said incorrectly listed her 5-foot-tall pet as a 6-foot-tall threat

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California's 'Wealth Tax' Could Cost the State $39 Billion

California's 'Wealth Tax' Could Cost the State $39 Billion

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