Chinese technology stocks in Hong Kong outshine US issues as home-turf advantage shield them from crackdown wariness

//Chinese technology stocks in Hong Kong outshine US issues as home-turf advantage shield them from crackdown wariness

Chinese technology stocks in Hong Kong outshine US issues as home-turf advantage shield them from crackdown wariness

China’s technology stocks are performing better in Hong Kong than their counterparts in New York, a widening variance in valuation that underscores how the companies are feeling more welcomed closer to their home turf.An analysis of the five largest Chinese technology companies – Alibaba Group Holding, JD.com, NetEase, Baidu and Bilibili – traded in Hong Kong and the US shows a consistent trend: the American depositary receipts (ADRs) lost 3.5 per cent on average this year, compared with a 0.6…

Article by [author-name] (c) Big Tech - South China Morning Post - Read full story here.

By | 2021-07-14T09:38:44+00:00 July 14th, 2021|Technology|Comments Off on Chinese technology stocks in Hong Kong outshine US issues as home-turf advantage shield them from crackdown wariness