TCEHY - Chinese tech stocks weather August's earnings reports Beijing's regulations

Chinese tech companies are closing out August with another month of earnings results and uncertainty over Beijing's ongoing regulatory crackdowns in the rearview mirror. As happened in July, August was colored by reports of China taking steps to assert more authority over how its leading tech companies handle and use the data of their customers. Probably the most-notable even occurred on Aug. 12, when China's State Council and its Communist Party's Central Committee, jointly announced a new five-year blueprint designed to "actively promote legislation in important areas such as national security, technological innovation, [and] public health." Later in the month, Beijing passed a strict new data-privacy law. That was followed by reports that the China might seek to prevent data-tech heavy companies from holding IPOs in the United States, new regulations to reduce the amount of time Chinese children spend playing games online, and the potential that China could ban

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Chinese tech stocks weather August's earnings reports, Beijing's regulations