TIGR - China Finance Online leads other Chinese fintech stocks higher in partial snap-back
U.S.-listed Chinese fintech stocks are climbing in Thursday trading, with China Finance Online (NASDAQ:JRJC) sailing up 12%. But the group of stocks have had a rough ride in the past few months. During a four-session spree in mid-August, China Finance Online (JRJC) tanked 53% when Chinese regulators were reportedly looking to break up Alipay, part of Jack Ma's Ant Group. Chinese technology stocks, in general, have been under pressure for months after the country's regulators crack down on data privacy issues. Others bouncing back in Thursday trading are: Futu Holding (FUTU +8.5%), UP Fintech (TIGR +6.2%), FinVolution (FINV +3.7%), and Qudian (QD +5.8%). Real estate platform KE Holdings (BEKE +8.2%), which offers real estate financial products, also gains. Even with recent gain, Chinese fintechs have steep hill to climb to reach to regain 52-week highs, with China Finance lagging the most of the pack as seen in the graph below. Earlier
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China Finance Online leads other Chinese fintech stocks higher in partial snap-back