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The China tech sell off continued in a big way today with new Covid lockdowns and regulatory crackdowns. Now the entirety of publicly-listed Chinese tech is worth less than Amazon. h/t

10:25 AM · Mar 14, 2022

Replying to

and

After what happened with the Russian stock market, I think the value of Chinese tech for western investors is close to 0.

4

Replying to

@ChinaBeigeBook

and

It is not simply the value destruction, the employment losses will further crimp consumption demand.

1

Tomasz Bajczykówski

Replying to

and

... no, the HS Tech index is just 30 Hong Kong-listed stocks: yes, they're big ones, but no A-Shares, no ADRs etc