Investors took a heavy beating last quarter trying to decode China’s tech crackdown as price targets for Alibaba, Tencent and Meituan are chopped. Photo: Reuters
Investors took a heavy beating last quarter trying to decode China’s tech crackdown as price targets for Alibaba, Tencent and Meituan are chopped. Photo: Reuters

From BlackRock to JPMorgan, China stock funds bleed with mistimed optimism on tech rebound and regulations

  • Key China-focused vehicles managed by BlackRock, JPMorgan, Fidelity and E Fund Management reported steep losses in third quarter
  • Analysts have trimmed their price targets for Alibaba, Tencent and Meituan by up to 25 per cent since May, with most retaining their buy calls

Topic |   Hong Kong stock market
Investors took a heavy beating last quarter trying to decode China’s tech crackdown as price targets for Alibaba, Tencent and Meituan are chopped. Photo: Reuters
Investors took a heavy beating last quarter trying to decode China’s tech crackdown as price targets for Alibaba, Tencent and Meituan are chopped. Photo: Reuters
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