China Ending Years-Long Crackdown Restores Optimism as Tech Giants Report
- Tencent, JD.com, Bilibili and Xpeng to report results
- Longfor Group to post earnings amid troubled property market
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China wrapping up its crackdown on tech firms and switching to supporting the industry sets the tone as the country’s earnings season swings into action.
“Big tech earnings may show continued recovery, with profits expected to rise 10.4% year-on-year in 2Q,” Bloomberg Intelligence analysts including Marvin Chen said. Tencent Holdings Ltd., JD.com Inc. and Bilibili Inc. are among the majors reporting this week.