Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
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The Wall Street Journal
Beware Chinese Property Firms in Tech’s Clothing — Investors are willing to pay a premium for KE Holdings, trying to disrupt the world’s largest housing market, but the fast-rising valuation of the Chinese real-estate platform could limit its further upside—especially if the real-estate market itself hiccups.Successful With Chinese Startups, Sequoia China Launches a Hedge Fund — Venture capitalist Neil Shen’s Sequoia Capital China is setting up a hedge-fund business to leverage its record of choosing winners in Chinese technology.Pandemic Tech Spending in China Lifts Alibaba’s Cloud — Spending on China-based cloud services hit a rec
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