The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Chinese Internet Stocks Jump as Reopening Begins

June 1, 2022
Source: yahoo.com yahoo.com
News Snapshot:
By Liz Moyer Investing.com -- Shares of Chinese internet companies bounced on Tuesday after movement to reopen Shanghai after weeks of Covid-19 related lockdowns. According to multiple reports, Shanghai officials have said low-risk residential areas will reopen and public transportation will restart on Wednesday. The government there also announced a multi-point plan to boost its recovery, including business tax cuts and subsidies for people to buy electric cars. Further boosting sentiment, manufacturing data in China was better than expected, a welcome sign as more cities end lockdowns. Shares or ADRs of e-commerce companies Pinduoduo (NASDAQ:PDD) rose 4%, JD.com Inc Adr...
GO TO ORIGINAL SOURCE →
China Tech Buzz Topics: Alibaba | Aviation | Baidu | BIDU | Business | China | Chinese | consumer | Covid-19 | data | e-commerce | government | Internet | IT | JD | JD.com | manufacturing | medical | online shopping | Pinduoduo | search engine | Shanghai | stock market | stocks | technology

Other News:

Stocks Settle Lower Ahead of Wednesday’s CPI Report

August 12, 2026
barchart.com barchart.com

Commentary: Stop the bad bots

August 12, 2026
postandcourier.com postandcourier.com

AI startup Manus to go independent again as deal with Meta unwinds

August 12, 2026
asia.nikkei.com asia.nikkei.com

Trump, PM Modi will work that out: Peter Navarro on 100% tariff threat to India

August 12, 2026
indiatoday.in indiatoday.in

White House lifts TikTok ban on government devices

August 12, 2026
washingtonexaminer.com washingtonexaminer.com

Sharda Motor Industries uploads Q1FY27 earnings call recording

August 12, 2026
scanx.trade scanx.trade

Facebook parent Meta to unwind US$2 billion Manus AI deal after Beijing block

August 12, 2026
scmp.com scmp.com

US Criticizes China Over Nuclear Missile Test in Pacific Ocean

August 12, 2026
livemint.com livemint.com

Beijing further tightens exit-and-entry rules

August 12, 2026
theglobeandmail.com theglobeandmail.com
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.