For China’s 5 biggest tech firms this season now looks like a flop

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The Straits Times 3h ago

For China’s 5 biggest tech firms this season now looks like a flop - The Straits Times

Quick Summary:

Country's top five tech giants erased US$41 billion in market value in past week.

China’s internet pioneers that once defied Silicon Valley was short on new ideas and ambitious goals.

On Nov 22, a sell-off in Chinese stocks deepened as concerns over Donald Trump’s imminent return mingled with growing frustration over the pace of Beijing’s fiscal stimulus rollout.