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Chinese Tech Circles the Drain

submitted by robotflex to news 2.8 yearsJul 23, 2021 02:19:44 ago (+3/-1)     (archive.ph)

https://archive.ph/wip/aHPro

Things are looking pretty dire for Chinese tech right now, especially firms that have been considering overseas listings as a way to raise money. The chill created by tensions, both within China's borders and with its greatest rival, could bring overseas investment in Chinese tech to a grinding halt.

Investors are already rattled. China's unprecedented tech crackdown has wiped $1 trillion off the value of overseas-listed Chinese tech stocks since February — one of the worst sell-offs in history, Goldman Sachs analysts said in a research report last week.


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