China tech stocks have 'a lot of upside' and peak regulation is over, fund management firm says [MSNBC.com]
JD.com, Inc. - American Depositary Shares (JD)
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Source: MSNBC.com
watch nowVIDEO2:0502:05Chinese internet stocks are doing well despite protests, says KraneSharesSquawk Box AsiaThe Chinese government is unlikely to introduce new regulations for the internet tech sector and there could be more support going forward, according to Jonathan Krane of KraneShares."I think we've seen peak regulation," he told CNBC's"Squawk Box Asia""I think that's in the past," said Krane, the founder and chief executive officer of KraneShares. "I do not foresee much regulation going forward."He added that the Chinese tech industry makes up a big portion of the economy."It's a very important sector, it's the consumer of China — so I think you're gonna see a lot of support around the sector going forward as China reopens."Chinese tech stocks have had some difficult years following theregulatory crackdownSome analysts sayvaluations for Chinese stocks are looking cheapRamiz Chelat of Vontobel Asset Management said he was relatively optimistic about the internet sector — but a
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- 4/18/24 - Form 20-F
- JD's page on the SEC website