曾经推动离岸中国股票热潮的网际网路行业正在失去增长动能。由于大举投资人工智慧、面临国内激烈竞争以及消费者信心疲软，包括阿里巴巴和腾讯在内的大型企业最新季度营收均低于市场预期。
摩根士丹利资本国际中国指数（MSCI China Index）在周四一度下跌达2.1%，自去年10月2日的高点下跌超过20%。其中阿里巴巴和腾讯成为当天拖累指数下跌的主要因素，而恒生中国企业指数也下跌了2.1%。
A major Chinese stock gauge is on the verge of entering a bear market, highlighting growing concerns over the nation's economic growth prospects and the underperformance of its heavily weighted internet and consumer companies.
The internet sector, which once drove enthusiasm for offshore Chinese equities, is losing its growth momentum. Major companies like Alibaba and Tencent reported quarterly revenues that fell short of estimates due to heavy investments in artificial intelligence, intense domestic competition, and weak consumer sentiment.
The MSCI China Index dropped as much as 2.1% on Thursday, declining more than 20% from its October 2 high at one point. Alibaba and Tencent were the biggest drags on the gauge during the day, while the Hang Seng China Enterprises Index also slid 2.1%.