The biggest headline to start this week has to be the news of the Chinese regulators concluding its cybersecurity investigations into Chinese ride-hailing giant, Didi Chuxing. New users can now sign up on Didi’s app after a year long ban which removed Didi’s apps from domestic app stores.
China is finally ending the regulatory crackdown
This is a latest of many positive steps in recent months which indicates that the Chinese government wants to improve economic growth amidst its covid zero policy and the government plans to improve economic growth with the support from the tech giants.
Here we take a look at the big Chinese tech companies listed by way of ADRs on US stock exchanges that have also faced regulatory actions and have since rebounded from lows, which were mostly recorded in March 2022.
Some of the names were also previously mentioned in my Chinese deep value plays article with the potential to become multi baggers....