China tech crackdown cycle nearing an end, Fidelity’s equity fund manager says

Source: Tech – South China Morning PostChina’s antitrust crackdown on home-grown technology giants may be coming to an end, leaving stock valuations of some of the major firms at attractive levels.That is the view of Hyomi Jie at Fidelity International, whose China consumer equity funds oversee US$7.3 billion in assets. One has beaten 96 per cent of peers in the past year. Hong Kong-based Jie sold some of her holdings in Alibaba Group Holding and Tencent Holdings earlier in the year, though they remain among her largest positions…Read More

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