Chinese technology stocks have taken a hit in recent weeks amid concerns about a government crackdown on powerful technology companies. China has clamped down on ride-hailing giant Didi Global Inc. DIDI, +4.56% just after its initial public offering and has more recently targeted online-education companies in the country.
The moves have sparked fears that the Chinese government plans a tougher posture toward private companies more generally, which could pose risks for U.S. investors. With this backdrop, Alibaba’s U.S.-listed shares fell 13.9% in July, their worst monthly performance in more than two years.“We believe most of these new regulations do not impact Alibaba, though clearly investors are concerned over increased regulatory focus,” Raymond James analyst Aaron Kessler wrote in a note to clients.
Strong results in the commerce business could help distract from the regulatory issues that are outside Alibaba’s control, noted Baird analyst Colin Sebastian. Earnings: The FactSet consensus calls for RMB14.33 in adjusted earnings per share during the June quarter, down from RMB14.82 a year prior.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Chinese for long beat authoritarian rule contradiction to create some of the world's greatest companies but it's internet crackdown now poses the contradiction as THE Central issue which could backfire so big time as it takes away the one thing capitalism likes predictability
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The World Surf League, Oakland A’s And English Soccer: This Week’s Most Interesting Sports Business StoriesIn this week’s SportsMoney Playbook: pro surfing's wave of opportunity, Nascar's union effort and the Athletics' stadium woes. Plus: why hooliganism remains embedded in the English soccer fan identity.
Source: Forbes - 🏆 394. / 53 Read more »
The World Surf League, Oakland A’s And English Soccer: This Week’s Most Interesting Sports Business StoriesIn this week’s SportsMoney Playbook: pro surfing's wave of opportunity, Nascar's union effort and the Athletics' stadium woes. Plus: why hooliganism remains embedded in the English soccer fan identity. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her _Johnson56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success nice car babydogecoin
Source: Forbes - 🏆 394. / 53 Read more »
The World Surf League, Oakland A’s And English Soccer: This Week’s Most Interesting Sports Business StoriesIn this week’s SportsMoney Playbook: pro surfing's wave of opportunity, Nascar's union effort and the Athletics' stadium woes. Plus: why hooliganism remains embedded in the English soccer fan identity. Honestly i never thought to earn as much as have earn now Though i don't know the trading process at first Blakescott64 thought me steps to earn from Bitcoin trading have been earning massively trading with Mr Blake Get your BTC and DM the account manager Blakescott64
Source: Forbes - 🏆 394. / 53 Read more »
European stocks set to pull back from highs with earnings, data taking center stageEuropean stocks are set for a lower open Friday after closing the previous session at all-time highs, as investors react to another deluge of earnings and economic data. good Market is down because end of month , big funds balance the book or manipulate the market .
Source: CNBC - 🏆 12. / 72 Read more »
Wall St gains with upbeat earnings and forecastsU.S. stocks ended higher, boosted by a strong earnings season and data that showed the U.S. economy grew solidly in the second quarter, putting the level of GDP above the pre-health crisis peak OnePlus Nord CE update brings camera improvements and less overheating Samsung Galaxy Z Flip3 passes through 3C again, will support 25W charging after all Nearly half a million ethnic Amharas have been displaced from Korem, Alamata, Waja, Abergele, Maytebri, AdiArqai, Kobo, & surrounding areas due to TPLF's aggression. many have been killed, their properties looted! AmharaUnderAttack Time2ProtectCivillians NoBackChannel4TPLF
Source: Reuters - 🏆 2. / 97 Read more »