SHANGHAI—China’s new market for homegrown technology companies opened with a bang, with stocks doubling, tripling or more than quadrupling in value on its first day. The Shanghai Stock Exchange’s Science and Technology Innovation Board—dubbed the STAR market by Chinese authorities—is a pet project of President Xi Jinping, part of Beijing’s effort to revitalize a slowing economy and sharpen its edge in the fight for global tech dominance.

Source: Wall Street Journal July 22, 2019 05:15 UTC