Hot Chinese ADRs Rebounded in Morning Trading, with Alibaba, Tencent Music and Pinduoduo Jumping Nearly 4%

Tiger Newspress2022-01-05

Hot Chinese ADRs rebounded in Morning Trading, with Alibaba, Tencent Music and Pinduoduo jumping nearly 4%.The State Administration for Market Regulation, China's top market regulator, imposed a fine of 500,000 yuan ($78,000) each on leading video platform Bilibili, Tencent Holdings and Alibaba Group for violating the Anti-Monopoly Law, according to its official website on Wednesday.

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MN27
2022-01-06
MN27
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