3 Reasons to Sell Your Chinese Stocks, and 3 Reasons to Hold Them
Many of China's top stocks were crushed over the past few months as the country's regulators tightened their grip on several high-growth sectors. Alibaba (NYSE: BABA), the country's largest e-commerce and cloud company, was hit by an antitrust probe and a record fine. DiDi Global (NYSE: DIDI), China's largest ride-hailing company, saw its long-awaited initial public offering (IPO) derailed by an abrupt suspension of its core app.
China's education stocks, which soared during the pandemic, collapsed after the government banned for-profit education services. Shares of delivery platforms like Meituan (OTC: MPNGF), Missfresh (NASDAQ: MF), and Dada (NASDAQ: DADA) also crashed as the government demanded better wages and benefits for gig workers.
Image source: Getty Images.
Source Fool.com
