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Nasty earnings surprises dog China’s tech darlings

Nasty earnings surprises dog China’s tech darlings
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Just a few months ago, optimism was order of the day among Chinese technology investors. Beijing was going to welcome home US-traded Chinese tech stars by allowing them to dual-list on mainland exchanges, while Hong Kong opened its arms to the hottest unicorns by removing requirements that companies have a track record of profits before going to initial public offerings.

Read the full story at https://www.bloomberg.com/view/articles/2018-08-15/nasty-earnings-surprises-dog-china-s-tech-darlings

SOURCE: Bloomberg

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