123 days ago • Posted by Martin Boujol
Chinese tech stocks are seeing massive sell-off but they remain expensive
Chinese tech stocks might not make such a great bargain anymore. The industry saw a $732 billion selloff, the biggest ever seen by the Chinese tech giants, there is likely room for more downside. Many companies such as Tencent Holdings, Alibaba or Baidu still trade at valuations that are well above their last two downturns. The Hang Seng Tech Index plunged 26% from its February high.