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

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Good Tuesday morning. Welcome to Tech Check. I'm Carl Kintanilla with John Fort and Dear Derbosa. Today, the team behind Hello Sunshine. Founder Reese Witherspoon, CEO Sarah Hardin,

will join us this hour on their new deal with Blackstone. Then is it game over for Chinese

gaming stocks? Why those names are cratering plus results missed from Alibaba. And then later we'll

talk Google's new Pixel 6 and what it means for the competition with the journal's Joanna Stern, D.

Carl, we start today with Chinese stocks this morning. First, Alibaba, a small miss on the top line,

driving that stock lower, although profit beat and it did boost its buyback program shares. So far,

you can see they're down more than one and a half percent. There's also 10 cent plummeting

in Hong Kong after a state-owned Chinese newspaper called online gaming, quote, opium

for the mind. Investors thinking that sector might be next in China's regulatory crackdown. And you can

see the effect that had on some of 10 cents competitors as well. Some contagion there. You see

netty's down more than 7%. It's another rough start to a month for some of China's biggest tech name.

Look at this performance in July alone.

Alibaba down 13%, 10 cent, down 15, Baidu, 20% with others like Didi, of course, and Pinduoduo, down almost 30%.

Just brutal charts here, guys, not to mention the education tech names that lost about half of their value.

Hong Kong's Hengsen index fell about 9% for the month, and that's not even saying anything about the K-Web ETF that trades over here.

Guys, we have been here before with Chinese gaming.

Tencent, the obvious target here, drives about a third of its revenue from gaming,

but perhaps less obvious, is that these U.S. companies that have been moving further into the Chinese gaming system

because of the opportunity there, like a Roblox.

Roblox, take a look, shares.

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