An Indonesian Internet company is poised for meteoric growth within the region due to the exponential growth of internet adoption within the region and the expansion of digital services usage.
Tightening global monetary policies. Supply chain issues. The war in Ukraine. Declining economic growth in China. All in all, it’s not been a great year for emerging markets, but as Benjamin Franklin once said, “Out of adversity comes opportunity.”
Despite the political issues around owning Chinese stocks, and although China’s economy has slowed, O’Shares Investments Chairman Kevin O’Leary called it “crazy” to have no allocation to Chinese stocks, and “makes no sense whatsoever,” especially at a time when China-listed stocks are so cheap.
Chinese tech stocks got a boost after the U.S. and China struck a preliminary deal in August, allowing U.S. regulators to audit the records of Chinese companies listed In New York.