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TCTZF - Insights From Alibaba's 20th Anniversary Party; Baidu And Tencent Make Investments
Tencent Holdings Ltd.
By ALT Perspective
In the previous Chinese Internet Weekly, I listed a series of positive developments stemming from China which supported the stock market rise, including the broader Chinese internet sector. This time around, we have a boost from President Trump as well. He announced on Wednesday a delay in the tariff increase from October 1 until October 15 on $250 billion worth of Chinese imports.
The reason? President Trump claimed that Chinese Vice-President Liu He had requested him to do so as China would wish to focus on the celebration for the 70th