INSUBCONTINENT EXCLUSIVE:
profitability and a buzzing economy
favorable ties with the West
Given the renewed focus on profitability, One 97 Communications has gained nearly 60% in 2023
Food delivery platform Zomato is up 26%
A Hang Seng gauge of China tech stocks is down 6.2% this year through Monday while JD.com Inc
and Meituan have lost at least a quarter of their market cap
More importantly, investors say the heydays of unfettered China tech growth are over as policymakers curb private-sector expansion
To be sure, the steep declines in Chinese stocks have made valuations attractive for some investors
Members of the Hang Seng Tech Index are trading at 21.4 times their forward earnings, below their three-year average of 29.2
Hopes for a turnaround remain on bets that the government will deploy new stimulus, while a string of stronger-than-expected sales data is
significant undervalued in my view, despite improving earnings outlook
riding on a boom like never before
Global Invest HK Ltd, internet firms in both countries offer attractive prospects
However, while the industry growth rate for Chinese tech companies may slow, Indian companies offer a promising outlook
high-profile stewards over its 24-year history, from the larger-than-life Jack Ma himself to a succession of C-suite executives who frequent
conference and diplomatic circles.Meta Platforms, Inc violated federal law when it allowed a hacker to maintain control over a Chicago gun
violence prevention nonprofit Instagram account for nonfungible token promotion, according to a new lawsuit filed in Illinois.Macquarie
downgrades One 97 Communications, parent of Indian digital payments firm Paytm, to neutral from outperform, citing competition and
