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Benzinga
Benzinga
Politics
Anusuya Lahiri

There's One Chinese Stock That Is Different From The Rest. Goldman Sachs Explores Why

Goldman Sachs SEC China

Chinese tech stocks suffered a meltdown since many hit all-time highs in early 2021, with no significant improvement in 2022 compelling Goldman Sachs to at least take a new look at this sector, Barron's reports.

Alibaba Group Holding Limited (NYSE:BABA) lost almost half its market value last year alone as China and U.S.'s regulatory crackdown weighed on the sector. JD.com, Inc (NASDAQ:JD), Baidu, Inc (NASDAQ:BIDU), and NetEase, Inc (NASDAQ:NTES) were no better either.

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