Tencent, JD.com, and Hon Hai face pressure from new US tariffs.

Description

Chinese tech giants, including Tencent, JD.com, and Hon Hai, face mounting pressure from new U.S. tariffs, threatening to slow their growth ambitions. While the companies are pouring resources into AI to drive expansion, higher trade barriers put them at a disadvantage compared to global rivals with easier market access. These Chinese companies expect lower earnings after President Trump announced new tariffs in April. As they boost AI spending, they may reduce stock buybacks, which could hurt s...