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Global News Impacting Chinese Tech

Chinese e-commerce site JD.com surges 17% as the company reports record user growth in the 2nd quarter and plays down impact of tech crackdown | Business Insider India

News Snapshot:

JD.com sign is seen at the World Internet Conference (WIC) in Wuzhen Reuters Chinese e-commerce giant JD.com jumped as much as 16.6% on Tuesday reporting earnings. Second-quarter revenue came in 26% higher year-over-year, fueled by a record 32 million new users. Some investors seemed to be wading back into Chinese tech, with big-name investors like Cathie Wood buying the dip. Chinese e-commerce giant JD.com jumped as much as 16.6% in Hong Kong on Tuesday after the company reported record user growth and shrugged off the worst of Beijing's regulatory crackdown. The stock, listed on the Hong Kong stock exchange, surged…

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