PDD’s $55 billion stock crash sends warning to Chinese economy
(Bloomberg) — One of the last bright spots for Chinese consumption is fading rapidly as the country’s economic crisis leads to declining demand for even the lightest goods. Most read by Bloomberg In the latest warning to global markets about…
JD.com leads losses in Chinese tech stocks after sale of Walmart shares
(Bloomberg) — Shares of Chinese technology companies slumped on concerns about the country’s consumption outlook after Walmart Inc. agreed to sell its stake in JD.com Inc. and major players reported weak earnings. Most read by Bloomberg The Hang Seng Tech…
