Tencent shares jumped after it was reported that US companies will be allowed to still use WeChat in China. Photo: Bloomberg
Tencent shares jumped after it was reported that US companies will be allowed to still use WeChat in China. Photo: Bloomberg

Hong Kong, China stocks climb on report US companies can still do business in China on WeChat, ChiNext reforms kick in

  • Big shareholders are swapping out of Alibaba’s US shares for ones in Hong Kong; US companies can use Tencent’s WeChat in China: Bloomberg
  • On ChiNext, one debuting stock skyrockets by as much as 2,931.5 per cent

Tencent shares jumped after it was reported that US companies will be allowed to still use WeChat in China. Photo: Bloomberg
Tencent shares jumped after it was reported that US companies will be allowed to still use WeChat in China. Photo: Bloomberg
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