chinese companies listed in the us extended their decline on wednesday after tencent holdings ltd cut its stake in an online gaming company triggering concerns of similar action at other firms amid beijing’s regulatory crackdown on the sector shares of bilibili inc dropped 41 in premarket trading while jdcom inc slumped 17 pinduoduo inc and alibaba group holding ltd also fell at least 1 each as technology stocks globally feel the pressure of renewed concerns about the pandemic’s impact on global growth and the prospects of the federal reserve raising rates this year