{"id":1787477,"date":"2022-12-27T06:11:10","date_gmt":"2022-12-27T11:11:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1787477"},"modified":"2022-12-27T06:34:12","modified_gmt":"2022-12-27T11:34:12","slug":"investors-worldwide-further-reduce-stakes-in-chinese-tech-firms-some-shift-investment-to-taiwan","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investors-worldwide-further-reduce-stakes-in-chinese-tech-firms-some-shift-investment-to-taiwan\/","title":{"rendered":"Investors around the world further reduce stakes in Chinese tech firms, some shift investment to Taiwan"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finvestors-worldwide-further-reduce-stakes-in-chinese-tech-firms-some-shift-investment-to-taiwan%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1787477&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>Analysts: Chinese stocks could disappear before investors realize the potential gains<\/p>\n<p><em>Neue Analysis<\/em><\/p>\n<p>In the face of a dire outlook for China&#8217;s economy and technology sector, foreign investors have been cashing in on their gains by buying Chinese stocks to protect their investments. Some investors have begun to focus their attention on Taiwanese tech companies.<\/p>\n<p><a href=\"https:\/\/www.theepochtimes.com\/t-berkshire-hathaway\">Berkshire Hathaway<\/a>, Warren Buffett\u2019s investment firm, has reduced its holdings of <a href=\"https:\/\/www.theepochtimes.com\/t-byd\">BYD<\/a>The Chinese electric vehicle (EV), conglomerate Xinhua has expanded six times in less that four months, but recently acquired a significant stake. <a href=\"https:\/\/www.theepochtimes.com\/t-taiwan\">Taiwan<\/a> Semiconductor Manufacturing Co.<a href=\"https:\/\/www.theepochtimes.com\/t-tsmc\">TSMC<\/a>).<\/p>\n<p>According to Hong Kong Stock Exchange data, Berkshire Hathaway sold 1,329,000.500 shares of BYD on Dec. 8 at an average price HK$201.343232 per share (about $26 each share), and cashed out HK$267.7million (about $34.4 million).<\/p>\n<p>Berkshire Hathaway sold 25% of its shares in BYD within four months.<\/p>\n<p>Buffett bought 225,000,000 shares of BYD in 2008 for $232million. He hadn&#8217;t sold or reduced his holdings during the previous 14 years. Recently, the company\u2019s stock price has multiplied as much as 33 times, with its market cap reaching as high as $7.7 billion.<\/p>\n<p>Buffett however has sold six BYD shares in succession, on Aug. 24, September 1, Nov. 1, Nov. 8, November 17, and Dec. 8.<\/p>\n<p>Berkshire Hathaway\u2019s current stake in BYD has been reduced from 20.04 percent in August to 14.97 percent.<\/p>\n<p> <a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2020\/06\/17\/GettyImages-951393878-1200x801.jpg\"><\/a> A concept car for electric vehicles from Chinese vehicle manufacturer BYD, was displayed at Beijing&#8217;s auto show on April 26, 2018. (Wang Zhao\/AFP via Getty Images). <\/p>\n<p>It is unclear at this time why Buffett resigned from BYD. But, just a week prior to Buffett&#8217;s first share reduction in BYD on August 16, President Joe Biden signed into law the Inflation Reduction Act.<\/p>\n<p>The Act<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts: Chinese stocks could disappear before investors realize the potential gains Neue Analysis In the face of a dire outlook for China&#8217;s economy and technology sector, foreign investors have been cashing in on their gains by buying Chinese stocks to protect their investments. Some investors have begun to focus their attention on Taiwanese tech companies. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1787480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[6962,4711,5458,4117,9513,10953,9177,5311,7104,3819,6777,5029,11949,9105,4989,4697],"class_list":["post-1787477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-the","tag-around","tag-bongino","tag-chinese","tag-firms","tag-further","tag-investment","tag-investors","tag-reduce","tag-report","tag-shift","tag-some","tag-stakes","tag-taiwan","tag-tech","tag-world"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1787477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1787477"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1787477\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1787480"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1787477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1787477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1787477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}