Hong Kong-trade shares in major Chinese telecoms companies China Telecom, China Unicom and China Mobile were mixed after reports said the New York Stock Exchange might opt to delist the three huge companies, complying with an order from the U.S. government, despite having announced on Monday that it would not abide by the request. In U.S. trading, China Telecom gained 8.8% on Tuesday but lost 2.1% in after hours trading. China Mobile jumped 9.3% but lost 2.2% in after hours trading and China Unicom surged nearly 12%, and then fell 2.9%. Alipay is a widely used digital wallet that is part of the empire of e-commerce billionaire and Ant Group founder Jack Ma. The others named in the order are CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate and WPS Office.

Source: Daily Sun January 06, 2021 04:18 UTC