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BusinessWorld
August 5, 2021 | 12:03 am
Economic Information Daily cited Tencentâs
Honor of Kings in an article in which it said minors were addicted to online games and called for more curbs on the industry. The outlet is affiliated with Chinaâs biggest state-run news agency, Xinhua.
The broadside re-ignited investor fears about state intervention after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth.
âThey donât believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,â said Ether Yin, partner at Trivium, a Beijing-based consultancy.
GTJAI Reaffirmed as Constituent of FTSE s ESG Index apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Stocks to Buy: Chipotle Mexican Grill (CMG)
Source: Northfoto / Shutterstock.com
Newport Beach, California-based Chipotle Mexican Grill operates Chipotle Mexican Grill restaurants, serving a menu of burritos, tacos, burrito bowls, and salads.
Chipotle released second-quarter results in mid-July. Revenue increased 38.7% year-over-year (YOY) to $1.9 billion. Net income was $188 million, up from $8.2 million. Adjusted diluted earnings per share (EPS) stood at $7.46, surging from 40 cents in the prior-year quarter.
CEO Brian Niccol cited, “We remain confident in our key growth strategies and believe they will help us achieve our next goal of $3 million average unit volumes with industry-leading returns on invested capital that improve as we continue to add Chipotlanes.”
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