This article only represents the author's own views.
It could well be called “A Tale of Two Buybacks.”
A day before China heads into its weeklong Oct. 1 holiday, two of its New York-listed tech companies have announced new share buybacks in a bid to breathe fresh air into their battered stocks. But while one of those plans produced spectacular results for shared energy bank operator Smart Share Global Ltd. (EM.US), the other had little or no effect for cloud services provider Cloopen Group Holding Ltd. (RAAS.US).
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