PDD - Chinese Internet Stocks: Contradictions Abound And Good News Misconstrued

• The risks to the economy from a potential collapse in Evergrande are overstated. The purported impact on Chinese Internet stocks is specious.
• Chinese e-commerce platforms could benefit from the mitigation efforts by the government in the 'rescue' of Evergrande and the boosting of retail consumption.
• Several contradictions (or hypocrisies) that have left shareholders in Chinese internet stocks scratching their heads are discussed.
• I highlight a few recent good news that were misconstrued as negative developments.
• The return of Huawei's CFO has been hailed as an important step in the reconciliation of US-China relationship and bodes well for sentiment towards Chinese internet stocks.

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