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

Source: Tech – South China Morning PostChina’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…Read More

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