Chinese tech and education stocks sold off last week after the country continued its crackdown on tech, and stepped up restrictions on its education industry.
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Investors have misconstrued China crackdown as anti-capitalist, billionaire Ray Dalio says
Why China cracked down on education and upended a US$70 billion tutoring industry, with millions of jobs and students affected
Discourse and ideology need to be controlled by the central government’, and Beijing ‘aims to rectify education itself’, industry insider says.
China brands online games as ‘electronic drugs’
Shares in two of China’s biggest online gaming firms have slumped after a state media outlet called them “electronic drugs” and asked for more curbs on the industry.Tencent and NetEase shares fell by …
China floods: Death toll jumps to 302, as Covid outbreak complicates recovery
The death toll from floods that ravaged central China last month now stands at 302, local authorities said Monday — more than triple the last estimate.
China authorities to test all Wuhan’s 11 million residents amid new Covid cases
Eight cases reported in city where coronavirus first emerged in 2019 …
China engages Mongolia in flurry of talks in wake of US envoy Wendy Sherman
The meeting came the day after Chinese Foreign Minister Wang Yi met US deputy secretary of state Wendy Sherman, who stopped in Mongolia before meeting Wang. Mongolia’s foreign ministry said China …
Death toll from China floods jumps to 302, as Covid outbreak complicates recovery
The death toll from floods that ravaged central China last month now stands at 302, local authorities said Monday — more than triple the last estimate.
China’s Wuhan to test residents for COVID-19, official says
China’s central city of Wuhan will test all residents as it screens them for coronavirus infections, city government official Li Tao told a news briefing on Tuesday.
Be selective in your China technology exposure, says asset manager
Nicholas Ferres of Vantage Point Asset Management says now is not necessarily a “buy the dip moment” in all aspects of the Chinese market, and names some tech stocks that he believes provide enough …
China Traders Add to Easing Bets as Economic Prospects Dim
Listening to the chatter among China traders, the central bank is moving ever closer to another round of easing.Investors are boosting wagers on lower borrowing costs in both the rates and derivatives …
Tencent Shares Dive After Chinese Media Brand Online Games ‘Spiritual Opium’
Tencent Holdings Ltd. dived as much as 10% Tuesday after an offshoot of China’s official news agency decried the “spiritual opium” and “electronic drugs” of games, stoking fears Beijing will next set …
Tesla rival Li Auto targets US$1.9 billion in Hong Kong IPO as Chinese electric car sales soar
The electric vehicle maker has set the maximum price of its Hong Kong initial public offering at HK$150 (US$19.29) per share, which would enable it to surpass its Nasdaq listing a year ago.
DAILY VOICE | Chinese companies’ IPO traffic may shift to Hong Kong from US, says Piyush Nagda of Prabhudas Lilladher
One of the direct beneficiaries of the Chinese crackdown will be the Indian startup space. Ed-tech and fintech companies that are not yet listed will gain more, says Nagda …
