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Alibaba, Tencent remains a “benchmark” in Chinese technology, investors say

Alibaba And Tencent Amber Hill Capital’s Jackson Wang said Beijing will continue to be China’s top tech stock, despite increasing regulatory pressure on major Internet companies.

“At this point, there are no other stocks that can challenge our position in China,” Wong, director of asset management at Amberhill, told CNBC’s “Street Sign Asia” Thursday.

Alibaba and Tencent are “still benchmarks” among China’s tech stocks, he said. Wong’s family and Amber Hill both own shares in the two companies.

His comment is that China’s tech stocks in Hong Kong have been lagging behind other sectors so far this year.

Top 10 components of Hansen index Did not include a single tech stock At the end of the first quarter, according to a CNBC analysis using Refinitiv Eikon data.

What is lowering technology stocks?

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Alibaba, Tencent remains a “benchmark” in Chinese technology, investors say

Source link Alibaba, Tencent remains a “benchmark” in Chinese technology, investors say

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