US-listed shares of China-based companies were shaken on Monday as Chinese President Xi Jinping’s move to consolidate power fueled fears that current policies that have led to a slowing economy will continue. Chinese leader Xi was named over the weekend to a third five-year term as general secretary, ignoring the custom of stepping down after … Read more
Chinese e-commerce company Pinduoduo Inc. PDD 1.11% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more
Chinese e-commerce company Pinduoduo Inc. PDD 1.18% this week quietly launched an online marketplace in the US called Temu, the latest example of overseas expansion by Chinese companies as the economy at home slows. Similar to Shein, the Chinese ultra-fast e-commerce company, Temu boasts competitive prices. Featuring products in 14 categories, including clothing, accessories, pet … Read more
China’s online grocery delivery market, where big tech companies and startups once competed fiercely, is facing a blow as companies struggle with continuous losses and cash shortages exacerbated by a slowing economy and tighter regulations. Missfresh one of China’s leading grocery delivery companies said last week that it has closed its main same-day grocery delivery … Read more
There are many good reasons not to buy technology stocks right now. And in the midst of a difficult economic environment, the coming earnings season is likely to signal more problems. But as experienced investors know, the time to buy shares is when conditions are worst. This is the time to follow the timeless advice … Read more
US-listed stocks in China-based companies saw large and broad gains in pre-market trading on Friday after Reuters reported that China’s central bank accepted Ant Group’s application to set up a financial holding company. It fueled the hope that China’s regulatory intervention was easing. iShares China Large-Cap Exchange Traded Fund FXI, -3.86% rose 4.1 pct. Among … Read more
After more than a decade of standing in the way of U.S. regulatory inspections of Chinese corporate auditors, Chinese authorities have been unusually vocal in recent months about their desire to address what has become a major stumbling block for overseas listed Chinese shares such as Alibaba Group Holder Ltd. and Baidu Inc. The change … Read more