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Huawei is facing serious allegations of recruitment fraud, involving over 100 employees and approximately 67 million RMB. An internal memo revealed that 72 employees and 19 non-employees engaged in corrupt practices, including proxy examinations and selling company information. Despite efforts to address these issues, corruption remains a significant challenge within the company and the broader tech industry in China.
The Hang Seng Index (HSI) has rebounded from early-year losses, driven by support measures from Beijing and strong performances from tech giants like JD.com, Xiaomi, and Alibaba. The index has broken key resistance levels, with a target of reaching 23,000 points in the coming weeks, as market sentiment improves ahead of the National People's Congress meeting in March. Investors are advised to buy above 20,000 points, with a stop at 29,500 points, reflecting a favorable risk/reward ratio.
Deutsche Bank has lowered its price target for Yum China Holdings to $54.30 while maintaining a Buy rating, citing strong financial health and an attractive P/E ratio. The company is expected to benefit from recent menu price increases and effective cost control measures, with plans for significant shareholder returns and expansion through new store openings. Yum China's upcoming analyst briefing on February 6, 2025, will provide further insights into its financial performance and growth strategies.
NetEase, Inc.
Companies
| Symbol | NTES |
| Name | NetEase, Inc. |
| Currency | USD |
| Sector | Communication Services |
| IndustryGroup | Telecommunication Services |
| Industry | Diversified Telecommunication Services |
| Market | NASDAQ Global Select |
| Country | China |
| State | |
| City | Hangzhou |
| Zipcode | 310052 |
| Website | http://ir.netease.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei faces recruitment fraud scandal amid internal corruption investigations
08:02 26.03.2025
Hang Seng Index rebounds as support measures boost market confidence
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