regulatory crackdown

Tencent to close online education service as tech giant cuts back on noncore operations

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Tencent to close online education service as tech giant cuts back on noncore operations

The professional education service Tencent Ketang, which translates to “classroom” in English, will cease operations on October 1, according to a notice posted on its website, without providing any reason. While users will no longer be able to access new courses on the platform from August 1, they can still watch lessons that have already … Read more

JPMorgan’s China bear turns bullish, finds ‘20 to 25 pc upside’ in nation’s tech stocks

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JPMorgan’s China bear turns bullish, finds ‘20 to 25 pc upside’ in nation’s tech stocks

Chinese tech shares have raced ahead of earnings, and investors expect companies to deliver in an improving economy before buying more stock, according to an analyst who once questioned the sector’s investibility. “We are still looking at roughly 20 per cent to 25 per cent of share price upside,” given improving cost structure and less … Read more