Chinese tech stocks are rising again a year after Beijing launched a crackdown on the sector by blocking the record $37bn initial public offering of Jack Ma’s Ant Group, the Financial Times reported on Wednesday.
Equity benchmarks tracking China’s internet sector have notched double-digit gains since hitting lows in early October.
The Nasdaq Golden Dragon China index has climbed by 18%, while Hong Kong’s Hang Seng Tech index has jumped more than 13%, the FT noted, adding that analysts have become more positive.
Read the full story: Financial Times
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