EDM1 – Issue 421

Taking stock: Tencent’s quarterly result surprises with first profit drop in 13 years

Plus: Malaysia’s Mahathir visits Alibaba, signs Geely tech deal; Pinduoduo takes flak for hawking fake goods; and drugmakers debut in Hong Kong blue chip index as arrests mount over the Changsheng vaccine scandal

Also: Beijing looks again at boosting the birth rate; Chinese private equity firms seek exits as markets worsen; and Kweichow Moutai abandons its lawsuit against China’s trademark authority