Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, US, June 30, 2021. Brendan McDermid | Reuters BEIJING – The worst of China’s regulatory crackdown is over as Beijing shifts its focus to supporting growth, economists said. That does not … Read more
Greg Baker/AFP via Getty Images Font size Shares of Alibaba Group Holding are on a five-day recovery from lows after Chinese authorities imposed a less-than-expected fine on food delivery company Meituan and returns showing value guru Charlie Munger’s Daily journal has doubled its stake in e-commerce giant. The profit can be an opportunity to sell … Read more
Delivery drivers wait for the light to turn green at a major intersection in Beijing on July 30, 2021. Evelyn Cheng | CNBC BEIJING — Investors in Chinese companies were taken aback this summer by Beijing’s actions against homegrown tech giants, including comments about foreign listed stocks. One of the surprises was a mandate in … Read more