DIDI - Chinese tech stocks seek direction following JD.com results

August, 23 2021 10:23 AM DiDi Global Inc. American Depositary Shares (each four representing one Class A)

Chinese Internet stocks started the week off on mixed footing Monday following an upbeat earnings report from JD.com (NASDAQ:JD) and the latest tech regulatory plans from Beijing. JD (JD) gave up 1.7%, to slip to $62.45, in early trading after the e-commerce and online retailer posted a second-quarter profit of 45 cents a share, on $39.3 billion in revenue, to top analysts' expectations for earnings of 34 cents a share on sales of $38.3 billion. The company said it added a record 32 million new users in the quarter. Over the last month, JD (JD) shares have fallen more than 10%, as it, and other leading Chinese tech companies have been under scrutiny from officials in China regarding their business practices and how their store and handle customer data. Last Friday, China passed a new law regulating data privacy matters that is set to go into effect on Nov. 1. Among

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Chinese tech stocks seek direction following JD.com results

Company Name:	DiDi Global Inc. American Depositary Shares (each four representing one Class A)
Stock Symbol:	DIDI
Market:	NYSE

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