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One of China’s Top Tech Investors Sees Crackdown Turning Point

  • Reassuring messages on regulatory front a boost, Fred Hu says
  • Primavera chairman calls on Hong Kong to ease pandemic rules
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Top Investor Fred Hu Sees Turning Point in China Tech

The founder of one of China’s biggest private equity investors said the nation’s tech firms are turning a corner after a recent rout wiped out nearly $2 trillion in market value at its peak. 

Fred Hu, the former Goldman Sachs Group Inc. rainmaker who started the $17 billion Chinese private equity firm Primavera Capital, said reassuring messages concerning regulation, resilient earnings and beaten-down valuations now make the sector interesting for investors.