, Columnist
Huawei Bonds Outshine Alibaba, Tencent in Downturn
Investors make clear which company they think will prove more resilient in the coronavirus ride.
Too important to fail?
Photographer: Andrea Verdelli/Getty Images
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Debt investors seem to believe that telecoms equipment maker Huawei Technologies Co. could make a better bet in troubled times than its national peers, including China’s two biggest internet companies.
While the Bloomberg Barclays Index of high-yield U.S.-dollar Chinese bonds has dropped 6.2% over the past month, Huawei’s 2026 debt has climbed 1.2% and its 2027 notes are up 0.1%. That’s better short-term performance than both Tencent Holdings Ltd., China’s biggest social media company, and e-commerce giant Alibaba Group Holding Ltd.