Tag: Chinese tech stocks

Finance Tech, Trading

Chinese tech stocks decline as Beijing reportedly seeks to break up Alipay in latest volley of regulation

September 13, 2021

Via: Markets Insider

US-listed shares of Alibaba and other Chinese technology companies fell Monday after the Financial Times reported the Chinese government wants to break up Alipay, the financial services superapp from Ant Group, marking Beijing’s latest move to overhaul the fintech heavyweight […]

Industries, Manufacturing

Shares in China’s Tesla rival Nio soar more than 75% in a day

September 14, 2018

Via: CNN

Shares in the Shanghai-based rival to Tesla (TSLA) jumped a staggering 76% in New York on Thursday. At one point in the day, the stock was up 92%. The spectacular leap is remarkable after Nio (NIO) had to scale back […]