Since the Chinese government has begun blocking Gmail, Chinese internet stocks have been rising, Bloomberg notes.
Sina in particular, which is a big portal and owns popular Twitter clone Weibo, rose more than 5% yesterday. But NetEase, Sohu and Baidu all rose.
This is kind of cringe-inducing, but also makes sense: the more the Chinese government clamps down on foreign competitors, the better local tech companies will do, at least in the short term.
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