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Bloomberg
China Tech’s Trillion-Dollar Stock Slump Signals Buyer Beware
(Bloomberg) — For weeks now, optimists have said China’s tech crackdown has been priced in by the stock market. A fresh round of regulatory angst has shaken that thesis to its core.The market capitalization of shares in a gauge of China’s internet sector dropped by about $200 billion this week alone, as Beijing vowed to increase scrutiny over data collection and overseas listings. It has slumped by more than $1.1 trillion since a Feb. 17 peak, with the index down some 35%, according to calculat
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