Top China Stock Fund Says Wait for the Tech Rebound, If You Can
- Cederberg continues to buy Alibaba and Tencent amid slump
- Curbs on gaming unlikely to hurt Tencent longer term: Krige
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As Chinese technology stocks experience one of their toughest years in recent memory, Dawid Krige is keeping faith with the country’s beaten down equity stars.
His London-based Cederberg Capital Ltd. bought more of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. in August, stocks he once said were fit for his children’s college fund but have now slumped more than 16 percent since mid-June. His long-only fund is still among the top performers investing in Greater China equities over the past year, with a 27 percent return through July, data compiled by Bloomberg show.