Jacky Wong, Wall Street Journal

Jacky Wong

Wall Street Journal

Hong Kong

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Recent articles by Jacky:

Didi’s Drive Home Marks the End of an Era

Didi’s flight to Hong Kong isn’t unexpected, but the company still faces a tangle of problems. And its retreat marks a definitive end to the heyday of Chinese listings in the U.S. → Read More

Beijing Goes Full Nanny State on Internet Tech

A new set of rules on ride-sharing and online advertising shows just how intrusive Beijing is willing to be in its new regulatory push against consumer internet companies. → Read More

Macau Casino Stocks’ High-Rolling Days Are Over

The arrest of the city’s biggest junket operator signals a long recovery for revenue from VIP gamblers from mainland China. → Read More

The Chinese Metaverse Stock Frenzy Gets Unreal

The metaverse will blend the virtual and physical worlds. Investors should be careful that the meta market frenzy doesn’t warp their sense of reality. → Read More

Paytm Flop Will Skim Froth Off India’s IPO Market

The disappointing performance of India’s largest IPO will cool sentiment a bit, but a dose of reality could make for a healthier market. → Read More

Samsung Orders U.S. Chips, With a Side of Geopolitics

Samsung’s $17 billion Texas investment will buy it goodwill with U.S. politicians. But rising tensions over advanced-chip supply chains will remain a headache for the company. → Read More

For Alibaba, the Property Crackdown Is Another Headache

The e-commerce giant posted lackluster earnings for its latest quarter and has suffered from China’s crackdown on technology companies. Another crackdown on the housing sector may also deal collateral damage. → Read More

Paytm’s Mega IPO Is Priced for Perfection

The firm is growing fast and financial services could be a powerful new growth driver. But deep pocketed competitors and the global regulatory wave pose risks. → Read More

Chinese Developers’ Funding Lifeline is Fraying

Chinese local governments are beginning to exercise stricter control over the use of funds from pre-sold apartments. → Read More

Toshiba’s GE-Style Split Risks Lukewarm Welcome

The proposed split could unlock some value, but recalcitrant activist investors may conclude it isn’t nearly enough. → Read More

China Gets Slightly Less Tough on Property Developers

Chinese regulators are considering making it easier for developers to buy assets from struggling peers like Evergrande to protect home buyers and stem any contagion. → Read More

Bad News: Chinese Property Debt Is Even Higher Than Thought

Investors are starting to come to terms with an unpleasant reality in the wake of a missed payment by a Kaisa-backed wealth-management product. → Read More

SoftBank Feels the Chill Wind From China

A big buyback can’t hurt, but the stock’s fortunes now lie with forces mostly beyond management’s control. → Read More

Looking for a Less Thrilling Ride Than Tesla? Try a Good Ole’ Toyota

The global chip famine actually ended up bringing in big money for the world’s most profitable auto maker, but it faces challenges in an increasingly electric world. → Read More

The RBA’s Defeat Down Under Should Worry Central Bankers

A sudden surge in Australian government bond yields, which wrong-footed the central bank, should have other monetary authorities watching their backs. → Read More

Venture Capital Hasn’t Given Up on China

China’s listed IT companies are reeling from this year’s regulatory crackdown. But that hasn’t stopped the action in the private markets. → Read More

How to Tame China’s Wild Pork Price Cycle

African swine fever and the Covid-19 pandemic have magnified volatility in China’s pork market, but further industry consolidation will help. → Read More

Chinese Stocks Are Frozen but India’s Are Overcooked

Selling China and buying India has been a popular trade this year, but the Indian market is starting to look pricey. → Read More

Evergrande Is Struggling to Sell Homes—and Its Assets

Evergrande’s difficulty in unloading even some of its best assets shows how long and painful a restructuring process could ultimately be. → Read More

China’s Magical Disappearing, Reappearing Property Tax

A property tax is a good idea, but with the economy already on the brink of a steep slowdown, there is a risk of policy overreach. → Read More