Chinese Tech Giants Lose Shine as Growth Stalls

Revenue growth is slowing at some of China’s biggest technology companies, reducing one of the industry’s key selling points for global investors.

After a sustained regulatory onslaught, the sector is confronting forceful antipandemic measures, which threaten to further damp consumer demand in the world’s second-largest economy. The challenges are feeding into broader skepticism about Chinese stocks, since tech makes up a large chunk of the offshore market.

Source: WSJ