WYNN - Chinese Internet Stocks: One Step Forward Two Steps Back
- Another week, another sector came under the scrutiny of the Chinese government, helping to divert market players from the internet stocks.
- There are silver linings from the Macau casino regulatory scrutiny that could benefit the Chinese internet sector.
- Baidu announced several positive developmental progresses in its Apollo AI programs.
- Alibaba made the "most significant move" on autonomous driving with its investment in Deeproute.ai, a Chinese self-driving car startup.
- I discuss the innovations developed in China for the world and why it bodes well for investor sentiment.
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Chinese Internet Stocks: One Step Forward, Two Steps Back