(Bloomberg) — The three biggest money losers among large listings in 2021 are all Chinese, thanks to the country’s widening tech crackdown.

Most Read from Bloomberg

  • Left-Wing Rage Threatens a Wall Street Haven in Latin America

  • Before Interstates, America Got Around on Interurbans

  • How Singapore's $50 Billion Financial District Will Change After Covid-19

  • Christmas at Risk as Supply Chain ‘Disaster’ Only Gets Worse

  • Reshaped by Crisis, an ‘Anti-Biennial’ Reimagines Chicago

Investors who bought Kuaishou Technology after the TikTok rival went public in Hong Kong have notched the widest peak-to-trough slump among global initial public offerings this year. New York-listed DiDi Global Inc., which was hit by a data security probe in July, has fallen 54% while video-app firm Bilibili Inc. is down by nearly half from peaks touched this year.

Kuaishou, which runs a video streaming app on the mainland, is down about 80% since it hit a Feb. 17 peak less than two weeks after it raised $5.4 billion in Hong Kong’s largest float in 2021. That is the largest plunge from a high among the 36 companies that raised more than $1.5 billion worldwide in 2021 from IPOs, Bloomberg data show.

Kuaishou’s slump illustrates the fizzling appetite for offshore-listed China shares since Beijing began clamping down on a wide swath of private firms.

Meanwhile, Robinhood Markets Inc., the popular trading app that listed just over two months ago, ranks seventh, having tumbled 40% from its August peak.

(Updates prices)

Most Read from Bloomberg Businessweek

  • Atlanta’s Wealthiest and Whitest District Wants to Secede

  • ‘Most Americans Today Believe the Stock Market Is Rigged, and They’re Right’

  • The Left-for-Dead Hospital That Got a Second Chance for $1

©2021 Bloomberg L.P.

(305) 707 0888