S hares of Chinese technology firms Alibaba and Tencent fell sharply yesterday, a day after Chinese regulators fined their subsidiaries for not disclosing transactions and failing to comply with anti-monopoly rules.

E-commerce giant Alibaba’s shares in Hong Kong fell 6.8%, while gaming and social media company Tencent Holdings sank 3.2%.

MACAU DAILY TIMES » Alibaba and Tencent stocks plunge after latest fines comes via ChinaTechNews.com.