Multiple Chinese government departments, including Ministry of Human Resources and Social Security (MOHRSS), gave administrative guidance to 11 bellwether platform operators, such as DiDi, MEITUAN-W (03690.HK) -3.000 (-1.261%) Short selling $157.43M; Ratio 5.116% , BABA-SW (09988.HK) -6.100 (-4.799%) Short selling $784.26M; Ratio 24.940% and TENCENT (00700.HK) -8.400 (-1.769%) Short selling $768.97M; Ratio 19.393% . During which, the authorities requested these companies to safeguard the labor rights under the new employment environment in China.
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