China tech stocks a better bet than those in the US, say investors
Mounting uncertainty on prospects for American sector could send buyers to cheaper options championed by Beijing
13 October 2020 - 19:42
Chinese internet stocks will keep outperforming their US counterparts in coming months as regulatory challenges to US technology giants mount in Washington and Brussels, according to some investors.
Their reasoning includes expectations that weakening the US megacaps will help bolster the relative attractiveness of Chinese technology companies, which are continuing to invest in areas of growth. Meanwhile, the growing uncertainty about prospects for the US sector could send buyers to their cheaper Chinese peers still being championed by the government in Beijing...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.