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Analysts said the new market value put Tencent in the same camp as US tech giants Apple, Alphabet, Microsoft, Amazon and Facebook, whose values have all exceeded the 0-billion mark.

Analysts said the big fall is the market response toward the meeting convened by the Political Bureau of the Communist Party of China Central Committee on Monday, which said it would resolutely solve the irregularities in the property market, apply policies in accordance to local conditions, seek a supply and demand balance, and accelerate the establishment of a long-term and effective system for promoting the healthy and stable development of the real estate market.

Analysts say that one of Eichhorn's primary tasks as president of Audi China will be leveraging his experience to push forward the deal the German brand signed in 2016 with SAIC Motor to produce and sell cars.

And 17 out of 19 products of Greenwoods Asset Management suffered losses. One fund product managed by the company's founder Jiang Jinzhi even had a 17.2 percent loss.

Analysts said the investment is in accordance with BP's commitment to being the leading fuel provider for both conventional and electric vehicles, as are its other investments in fast-charging battery technology firm StoreDot and mobile-charging company Freewire Technologies.