TCEHY

Chinese stocks lost sheen for various reasons, including a macroeconomic slowdown. Among all the reasons, Beijing’s regulatory crackdown on its large tech companies led investors to shun Chinese stocks. Furthermore, the fear of delisting from the U.S. stock exchange added to investors’ woes.  Nevertheless, it appears that things are now turning for the better. A recent Wall Street Journal report highlighted that China is ending its probe into ride-hailing giant Didi Global (NYSE: DIDI). Further, regulatory authorities could soon lift a ban on the company and allow it to add new users.  Notably, Chinese authorities blocked Didi from adding new users and drivers last year after it came under investigation.
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