DADA - 3 Reasons to Sell Your Chinese Stocks and 3 Reasons to Hold Them
Many of China's top stocks were crushed over the past few months as the country's regulators tightened their grip on several high-growth sectors. Alibaba (NYSE: BABA) , the country's largest e-commerce and cloud company, was hit by an antitrust probe and a record fine . DiDi Global (NYSE: DIDI) , China's largest ride-hailing company, saw its long-awaited initial public offering (IPO) derailed by an abrupt suspension of its core app.
China's education stocks , which soared during the pandemic, collapsed after the government banned for-profit education services. Shares of delivery platforms like Meituan (OTC: MPNGF) , Missfresh (NASDAQ: MF) , and Dada (NASDAQ: DADA) also crashed as the government demanded better wages and benefits for gig workers.
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3 Reasons to Sell Your Chinese Stocks, and 3 Reasons to Hold Them