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China tech stocks lower as nation issues draft competition rules

Bloomberg2021-08-17

The Hang Seng Tech Index dropped as much as 3%, as China’s market regulator released draft rules banning unfair competition among the nation’s online platform operators. Baidu Inc. and NetEase Inc. ...

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Comment38

  • PhilipGoh
    ·2021-08-17
    Check check and buy????
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  • WwwQY
    ·2021-08-17
    The beginning impact 
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  • EeHoe
    ·2021-08-17
    gg
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  • Stingray8
    ·2021-08-17
    Falling grapes ?
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  • SanWangtikup
    ·2021-08-17
    Still dropping 
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    • EeHoe
      gg
      2021-08-17
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  • greenyellow
    ·2021-08-17
    buy the dip
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  • AllenKee
    ·2021-08-17
    Be positive... Finally put up an action and best thing will be on the way! 
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  • tkj
    ·2021-08-17
    Actually, by tearing down the walls and allow cross access of their ecosystems, there are benefits to be reaped. Customer and supplier base could potentially become much bigger for the more innovative  company...why look at the negative aspects that monopoly on own customer/supplier is gone?
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  • wilsonkeat
    ·2021-08-17
    Drop drop drop buy buy buy
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  • DenisL
    ·2021-08-17
    Never ending 
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  • Lazybird
    ·2021-08-17
    Divide and conquer.
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  • Bll
    ·2021-08-17
    [Cry] 
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  • TheHaq
    ·2021-08-17
    China stocks gonna be down for a long  time 
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  • tetradrachm
    ·2021-08-17
    Like please thanks
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    • Etet1985
      like
      2021-08-17
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    • GabrielS
      help like
      2021-08-17
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    • JeremyKok
      hi. please like and comment back. thank you.
      2021-08-19
      Reply
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  • Winggg
    ·2021-08-17
    Saddened 
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  • NgKenny
    ·2021-08-17
    Nice
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  • M3Mike
    ·2021-08-17
    More enforcement meaning more FUD, price will swing more wildly. Stay safe. 
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  • Dr Rck
    ·2021-08-17
    Great protection for consumers and will boost confidence in tech stocks all the more! Bravo, indeed short term pain long term all benefits!
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    • 河东荷西
      这是什么时候出来的信息
      2021-08-17
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    • M3Mike
      Its a balancing act.
      2021-08-17
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    • 东营天地人和
      确实是个不错的利好
      2021-08-17
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  • zero79
    ·2021-08-17
    Diarhorrea
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  • JC888
    ·2021-08-17
    At first glance, the move looks seemingly positive and in the right direction. From a demand or market driven viewpoint, what does this mean ? Additionally if every business is a free for all business, is there any incentive for Biz entrepreneur ? Will China continue to thrive based on innovation when there is no incentive for honest innovation ? Too early to tell and will be too late to realize one year down the road. I think its best that these giants invest in offshore companies and organically grow other businesses away from China but list them at HK Stock Exchange. It makes better business sense...
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    • JC888
      In the business world 1 + 1 may not equal to 2 especially when u are referring to conglomerates..
      2021-11-01
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    • RobinTan
      Feasible or not that's another question. But just imagine a merger between Alibaba and Tencent. A China with that in its pocket can easily kill off western competition.
      2021-08-17
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    • RobinTan
      Can't look at China with a western lens.
      China is used to a top-down political system for 5000 years. It's hard to profit from China if you're not with China.
      2021-08-17
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