The investors were dismayed with the recent action taken by the China government to restrict the monopolistic practices of the large tech companies.
The investors saw it as an interference in the free market.
There is a good reason for the government to act on these platforms.
1 comment:
Most investors should just give China/HK companies a miss. Your money will be dead money or earning much less than other places over the next few years i.e. huge opportunity costs.
There are many quality growth companies in other countries growing revenues & sales at 20%, 30% each year.
If you still want to invest in china, make sure you're very in tune with upcoming govt policies, and invest more into their SME's instead of their large companies.
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