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Earnings pitfall awaits Meituan, Alibaba stock buyers as China lockdown blunts spending | dispatchist.com

News Snapshot:

Poor earnings by China’s tech giants show that it may still be a falling-knife market that could hit investors rushing to cash in on the recent upgrades. A man walks by a mural depicting an iconic financial market bull statue near the central business district in Beijing.com missed the market’s earnings consensus by a wide margin in their first-quarter performance Alibaba is expected to post a 273 per cent gain in earnings, after four consecutive quarters of contraction, while Meituan’s profit is seen falling 18 per cent Follow your favourite topic and get notified A man walks by a mural…

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