Strategy Note /

China Tech sell-off

  • China Tech has underperformed global peers year to date due to domestic regulatory (antitrust, data privacy) concerns

  • Consensus is concerned by threats to China Tech business models more than fines (eg merely c2% of sales for Alibaba)

  • Alibaba is now by far the cheapest EM Tech stock on the basis of EV/Sales versus 2019-onwards median (40% discount)

China Tech sell-off
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
7 July 2021
Published byTellimer Research


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