Shuli Ren, Columnist

Nasty Earnings Surprises Dog China’s Tech Darlings

Share prices are slumping, and there may be further to fall.

August 15, 2018 at 5:23 AM UTC

Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. A former investment banker, she was a markets reporter for Barron’s. She is a CFA charterholder.

The news isn’t good.
Photographer: Qilai Shen/Bloomberg

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Just a few months ago, optimism was order of the day among Chinese technology investors.

Beijing was going to welcome home U.S.-traded Chinese tech stars by allowing them to dual-list on mainland exchanges, while Hong Kong opened its arms to the hottest unicorns by removing requirements that companies have a track record of profits before going to initial public offerings.