The floor area of homes sold in 17 cities tracked by China Index Academy slumped 33% from a month earlier, with Guangzhou plunging 48% and Beijing sinking 34%.

A subindex of the Caixin/Market PMI showed factory jobs slumped to the lowest level in 27 months in July while property sales by floor area in 17 cities slumped 33%.

Some analysts have said the US tech giant could face a drop in demand given China's weak economy and the slump in smartphone sales in the second quarter.

With billionaire Ma giving up control of Ant, any potential revival of its IPO may be pushed back by a year or more, the WSJ reported.

Many investment funds have taken a hit from China's property sector meltdown, which was made worse by the Covid lockdowns in major cities in the second quarter

The threat of delisting Chinese stocks from major US exchanges could be a bonanza for the Hong Kong Stock Exchange, if more firms follow Alibaba and do a dual primary listing in the city

US public accounting regulators will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, sources said on Tuesday

Seven executives of Ant have left the Alibaba Partnership, the body that elects the e-commerce giant's board, following a demand by regulators that the two tech giants be 'decoupled'

China's securities regulator denied a report that Beijing plans to sort US-listed Chinese companies based on the sensitivity of their data

Despite company denials, 'multiple sources' told CNN that Huawei equipment could capture and disrupt communications to US nuclear arsenals, the report said

US Trade Representative will speak with ministers from Australia, Brunei, Fiji, India, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand and Vietnam on Tuesday

The boycott may affect more than 7.3 million people, dampening market confidence, sales and investment, says BofA