Global investors rejigged Chinese new economy holdings before crackdown eased

Global investors rejigged Chinese new economy holdings before crackdown eased

FILE PHOTO: The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo

Global investment bellwethers such as BlackRock Inc made major adjustments in their exposure to US-listed Chinese stocks in the second quarter, with some trimming stakes in tech giants including Alibaba Group Holding Ltd. and NetEase Inc.