Down $732 Billion, Chinese Tech Stocks Are Still Far From Cheap
- Shares have tumbled on China, U.S. regulatory concerns
- But valuations fell even further during the last two downturns
The Tencent Holdings Ltd. headquarters in Shenzhen.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Bargain hunters may want to think twice before piling into China’s beaten-down technology stocks.
While the industry rallied Friday on bets a $732 billion selloff in the biggest Chinese tech giants had gone too far, history suggests there’s room for more downside.