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China Tech Buzz

Global News Impacting Chinese Tech

Hong Kong Internet Stocks Rally, Biden-Xi Phone Call Lifts Sentiment, Week In Review

News Snapshot:

Week in Review – China reported Tuesday that its exports rose +15.7% year-over-year versus an expected +8.4%. The better-than-expected release powered China equities higher and was good news for the global economy amid concerns about the delta variant’s impact on global growth. – Hong Kong-listed internet stocks rallied Wednesday following a Mainland media article detailing the successes of China’s new anti-monopoly law and implying that the law has been nearly fully implemented and enforced. – The CEO of NetEase denied rumors of a moratorium on new games releases, which led to US-listed shares in NetEase reversing from a steep decline…

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