Softbank's weakness is another sign of slowing economic conditions and restrictive monetary conditions.
Previously know as Pinduoduo, weak consumer spending has plagued the stock.
Things are moving fast, and believe it or not there's even some 'good-ish' news out there.
In signs of economic progress, two indicators that stubbornly have refused to budge are rising.
Let's do a human-powered search of the charts.
The message from the chart is clear.
It's not clear where Chinese firms will move their money now that their 'go-to' tech bank collapsed.
The National People's Congress has come to a close, with a leadership change putting loyalists to President Xi Jinping in control.
Haruhiko Kuroda has overseen his last interest rate meeting, keeping the country's controversial super-easy monetary policy in place.
Top tech financier Bao Fan has been missing for over 10 days, with the company he founded confirming he's been detained for questioning.