After a more than $1 trillion rout, Beijing appears to be warming to Chinese tech giants
Publishing timestamp: 2023-03-30 00:31:34
Summary
Alibaba's major reorganization and Jack Ma's return to public engagements are seen as signs that the Chinese government may be easing its scrutiny of the domestic technology sector. This could be positive for Chinese tech stocks as Beijing aims for 5% economic growth this year. However, caution is advised as there are still uncertainties surrounding the fate of other tech giants in China.
Sentiment: MIXED
Tickers: QCOM, 700-HK, 3690-HK, AAPL, BABA,
Keywords: beijing, technology, meituan, apple inc, business news, retail industry, tencent holdings ltd, jack ma, china, internet, asia economy, qualcomm inc, alibaba group holding ltd,