If you are heavily invested in China Tech, it is not an easy time in the past few weeks. Baba has fallen by 30% within a week and the end seems not in sight. Even the almighty Tencent was not spared from this perfect storm.
The reasons for their drop could be from the possible implications of delisting from the US, China’s regulatory claw and the more likely cause which is similar sanctions imposed on Russia slapped on the Chinese companies.
Would the US and its allies impose drastic sanctions on China? Based on a realistic assessment, it is unlikely to happen as China is playing the neutral role well so far. However, it was also unlikely too for Russia to wage a war on Ukraine without negotiations so it is anyone’s guess in this crazy world.
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