Shares of firms such as Alibaba and video-sharing website Bilibili extended their losses in Asia on Thursday.
Chinese technology shares fell after the country's cyberspace regulator recommended limiting smartphone usage of children under 18.
The proposed law would see children being only allowed to use their phones for a maximum of two hours a day. The rules proposed by the Cyberspace Administration of China , will also see children banned from accessing the internet on mobile devices from 22:00 to 06:00 local time. While children between the ages of 16 to 18 will be allowed two hours of screen time a day, those under the age of eight will only be allotted eight minutes.Technology giants will likely be made responsible for enforcing the rules, much like how it worked with gaming restrictions, Ray Wang, the founder and chief executive of Silicon Valley-based consultancy Constellation Research, told the BBC.
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