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China’s tech stock comeback faces earnings test from Alibaba, Meituan amid slower growth and tougher regulations | South China Morning Post

Source: scmp.com scmp.com
News Snapshot:

A 14 per cent rebound in Chinese tech stocks in Hong Kong from this year’s low in October is being challenged by potentially weaker earnings from industry bellwethers in the coming days. Can investors look past the report cards with valuations near record lows? The first test will come from Alibaba Group Holding, when the e-commerce group releases its quarterly report on Thursday. Meituan and Kuaishou Technology are due to report next week. The trio are among the top five biggest Hang Seng Tech Index constituents, with more than 25 per cent of weightage combined. Net income for Alibaba, the…

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