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Alibaba, Tencent Look Cheap Even With China Crackdown Risks, NYU Professor Says

  • Tencent and Alibaba looked undervalued as of Wednesday
  • Beijing’s crackdown more about control over companies and data
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Bernstein: Bearish View Toward Chinese Stocks Not Warranted

Some of China’s bellwether Internet stocks are undervalued even as risks of further downside from Beijing’s regulatory clampdown persist, according to a finance professor at New York University.

The constraints brought in by recent Chinese government actions on tech behemoths are “reasonable” and any potential ban on firms using shell companies for foreign listings will unlikely be retroactive, Aswath Damodaran wrote in a blog post Wednesday.