It's been a tough year for China's tech sector as it wrangles with punitive central government policies, but asset managers are scenting a fire sale in what they see as underpriced stocks.
Tag : baidu
The Korean sovereign wealth fund has divested all $221.5 million worth of its Alibaba equity investments in the US and increased its Baidu holdings by 450% by the end of June.
It's early days for the region's first American depositary receipts – launched last month by Singapore Exchange – but the strong demand for China A-shares should help to attract investors.
