Latest / China Economy with Fexingo: Beijing's Policies, Trade, and Asia-Pacific Markets
Why China Tech Stocks Are Routed Despite Strong Earnings
On June 26, 2026, Chinese tech stocks listed in the U.S. are in freefall: Alibaba down 11.2% in five days, JD.com down 8.6%, Baidu off 7%. This comes on the heels of what many analysts called a solid earnings season. Lucas and Luna unpack the disconnect, focusing on two forces: the global tech sell-off triggered by South Korea's Kospi sinking 8% and SoftBank plunging 13%, and a deeper structural concern — that Chinese tech giants are caught between trade war uncertainty and a weakening yuan. They drill into Alibaba's specific position: strong cloud revenue, but slowing e-commerce…
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