Legendary China Bets Unwind as Buffett, SoftBank, Naspers Sell

Legendary China Bets Unwind as Buffett, SoftBank, Naspers Sell

Business
September 8, 2022 by secret
224
[ad_1] (Bloomberg) — For early backers, they’ve been some of the most profitable Chinese stock investments of all time: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and BYD Co. But now big-name investors who’ve made billions from these stocks are taking money off the table, underscoring growing angst over the prospects for China’s biggest companies