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Benzinga
Benzinga
Business
Adam Eckert

'That's A Buy Signal': Why Kevin O'Leary Just Bought Alibaba, Tencent And Meituan Stock

Alibaba Tencent Meituan BABA China Kevin OLeary Russia TCEHY Tencent Holdings Ltd

Chinese stocks are trading significantly lower Monday amid a COVID-19 outbreak in China's manufacturing hub, developments between China and Russia in relation to war and regulatory scrutiny of Tencent Holdings Ltd (OTC:TCEHY).

Despite the muddy waters clouding the Chinese markets, O'Shares ETFs chairman Kevin O'Leary is taking advantage of the flash sale and buying shares of Tencent, Alibaba Group Holding Ltd (NYSE:BABA) and Meituan (OTC:MPNGF).

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