News Formal

Chinese Tech Stocks Are Back. Their Glory Days Aren’t.

  • 📰 WSJ
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Heard on the Street: Beaten-down tech shares are basking in some unexpected warmth from Beijing, but whether their businesses will heat back up is still unclear.

Beaten-down tech shares are basking in some unexpected warmth from Beijing, but whether their businesses will heat back up is still unclear

Chinese tech stocks popular among U.S. investors have tumbled amid the country’s regulatory crackdown on technology firms. WSJ explains some of the new risks investors face when buying shares of companies like Didi or Tencent. Photo Composite: Michelle Inez SimonDon’t fight Beijing. That was the investment mantra behind the brutal, long-running selloff in Chinese technology stocks that began in late 2020.

In the longer term, some key uncertainties are still hanging over the market. Namely, whether a return to the heady growth and cash generation of the pre-crackdown days is really possible. Based on the evidence so far, the answer still seems likely to be no.

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:

 /  🏆 98. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US labor shortage feeds Tijuana's nascent tech industryTijuana has been an established manufacturing hub for decades. The appeal is simple: lower costs than in the United States, but close enough to avoid the logistical headaches of offshoring production in Asia.
Source: KPBSnews - 🏆 240. / 63 Read more »