Tencent Holdings shares fell 7.1% on Tuesday, marking the steepest single-day decline for the company in more than a year.
The drop in the internet and gaming giant's stock price acted as a catalyst for a wider sell-off across Chinese technology names, with the gaming sector facing particular pressure.
Benchmark indices in China fell more than 3% on Friday, recording their worst weekly performance in over two years.
The move comes as Chinese equity markets extended a sharp downturn that began earlier in the week.
Benchmark indices in China fell more than 3% on Friday, recording their worst weekly performance in over two years.
The broader market weakness was initially triggered by concerns surrounding the pricing of ChangXin Memory Technologies, which sparked fears of renewed trade tensions and regulatory scrutiny in the semiconductor sector.
Asian equity markets have also seen a broad-based decline, with Taiwan emerging as another epicenter of the tech sell-off.