China's stock rally is fading after the Shanghai Composite (000001.SS) fell more than 6% and the Hang Seng (^HSI) fell more than 1% after Tuesday marked its worst day since 2008. Yahoo Finance Senior Reporter Alexandra Canal reports more on the movement as concerns grow about China's stimulus efforts. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Melanie Riehl
ADRs of big-name companies were getting hit following another down day for markets in the world’s second-biggest economy.
Tencent Holdings has begun letting users shop on Alibaba Group Holding's Taobao e-commerce platform directly through its WeChat app, in another landmark deal aimed at tearing down the digital walls separating two of China's biggest internet giants. WeChat users can now open Taobao links and complete purchases within the Tencent multipurpose app, according to checks by the South China Morning Post on Wednesday. When users buy or add a product to their shopping cart, they are asked to link their W