I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Monday morning. Welcome to Tech Check. I'm Carl Kintania with John Ford and Dear Bosa. Coming up on the show today,

Chinese stocks fall as officials impose sweeping regulations, sparing no sector of the market.

Plus, Bitcoin briefly breaks 39K with some help from Amazon and Robin Hood

on pace for the best day now since May. And finally, Tesla kicks off a big week of earnings

for tech. The chip shortage in focus while Gigatoxas prepares for production D.

And welcome back, Carl. We start with the sell-off in Chinese stocks. The government cracked down on business, now expanding to ed tech and food delivery. In addition, the recent curbs on ride-chair and music, fintech and gaming, TAL and new Oriental education, both down more than 10% today after the government said it was looking to force after school tutoring services

to shift to a not-for-profit business model. Those are currently quite profitable models. Goldman

Sachs forecasts such a move will shrink the market by 76%. Regulators also saying there that online

food platforms must pay workers at least the minimum local wage

shares of Maituan, the largest food delivery service in the country, did not take the news

very well.

And ride chair and company, Didi, take a look, just keeps getting clobbered, now down more

than 40% since its U.S. debut on June 30th.

This morning, Atlantic equities downgrades the

stock to neutral, saying the range of outcomes leave us unable to recommend the stock until

there is more certainty. If you've been invested in Chinese internet stocks, take a look at the

broad group, the ETFK Webb, is down 28% in just a month. It is lower, has been underperforming all year.

And guys, while some might be tempted to see this as a buying opportunity, that note really

says at all with China. It is really difficult to know John when regulators are satisfied

or even the motives. We've been talking a lot about the personal data protections and the implications there,

but part of this is political, too, especially when it comes to those ed tech companies.

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