China’s Silicon Valley benefits from high-tech focus: production and investments increase
Shenzhen’s high-tech economic activities have emerged as a bright spot amid China’s sluggish economy, with the southern Chinese city seeing strong growth in advanced industrial production and investment. The value added of the city’s major manufacturers of computers, communications equipment…
According to analysts, the share price collapse of Temu owner PDD reflects the “shattered confidence of investors”
A 28.5 percent plunge on Monday that wiped $55 billion off the value of PDD Holdings, owner of shopping apps Temu and Pinduoduo, reflected “shattered investor confidence” in the company’s future after top management stunned investors by downplaying its earnings…
