China regulators have already started to scrutinise the operations of their technology giants, such as Alibaba, Tencent and Meituan. Last April, BABA was fined USD2.8 billion for breaking anti-monopoly law. In general, the entire Chinese technological sector is currently under stress due to more stringent anti-monopoly and data security laws. The share prices of many tech counters, example, BAT have corrected some 40%, trading near 52-week low instead of 52-week high before the enhanced regulatory measures. A golden opportunity for long term retail investors to accumulate at a much more attractive valuation.
精彩评论