Tencent, Alibaba Earnings Are Key to Longer China Stock Rally
- Some signs earnings are being downgraded less: Matthews Asia
- Tencent, Alibaba, Baidu, JD.com all announce results next week
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The bounceback in Chinese stocks from their multi-year lows risks running out of steam unless the nation’s tech giants can deliver on their earnings next week.
Index heavyweights Tencent Holdings Ltd. and Alibaba Group Holding Ltd. both publish results next Tuesday, followed by JD.com Inc. and Baidu Inc. two days later. Those four firms alone represent more than a quarter of the MSCI China gauge.