Today’s scenario is very unlike the plunge during the Financial Crisis, which blew over in no time.
The bottom lines in a very competitive business are threatened.
The companies are clients of China’s 2nd largest audit firm, now under investigation.
Consumers and companies keep plugging, the world has not come to an end.
Tencent is a giant. Its stock, after plunging 50% in 2018, was a big winner earlier this year. Now the uptrend is broken. Revenue is primarily from mobile video game microtransactions, and warning signs are emerging.
“For developers and agents in most parts of the country who rely on foreign buyers, there is really no alternative to buyers from China”: CEO of Juwei.com
Here’s why. The strategy is a game changer with global impact.
Apocalypse not now.
China’s share surges to 54%. US in fourth Place, Canada an Also-Ran. Here are the largest crude steel producers in the world.
The Fed & China dumped. But there was huge demand elsewhere. Here’s who bought.