TCTZF - China's cyber probe includes Full Truck Alliance and Kanzhun
Klaus Vedfelt/DigitalVision via Getty Images DiDi Global (DIDI) isn't the only U.S.-listed Chinese company to removed from app stores by Beijing. Truck-hailing service Full Truck Alliance Co. (YMM) an online recruiting app Kanzhun (BZ) - backed by tech giant Tencent (TCEHY) - have also been targeted by the latest action. Both companies went public in the U.S. in June, but have been ordered to stop adding users while the Chinese probes are conducted. Investor reaction? Shares in SoftBank (SFTBF), whose Vision Fund owns stakes in Didi Global and Full Truck Alliance, slumped 5.4% in Tokyo on Monday. Meanwhile, the Hang Seng TECH Index, a gauge of Hong Kong-listed technology stocks like Tencent, ended the session down 2.3%. U.S. markets are closed Monday, but stay on the lookout for premarket movement tomorrow. Bigger picture: Fearful of their growing influence, China is in the middle of a sweeping crackdown on the nation's
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China's cyber probe includes Full Truck Alliance and Kanzhun