What a week!
It felt like March 2020 again – but for China Tech stocks only.
I shared my views on the China Tech Crackdown on Monday, and I received amazing comments from all of you.
Whether it was on Facebook, email or the comments section, I’ve read through every single one of them – and I wanted to share updated thoughts in this post.
Lots to cover, lets go.
BTW – We just launched a national day promo for FH Investing Courses. Want to learn how to invest seriously? Check it out here!
China Tech Crackdown Update: What happened the past week
Update from the past week:
Monday – Rumours leak that Tencent is next in line to be regulated (to open up their WeChat ecosystem).
Tuesday – Tencent announces they are suspending user registration on WeChat “to align with relevant laws”. Tencent closes down 10%, as do most other Chinese tech stocks.
Regulators announce they are also looking into Property Management Companies, to bring down house prices....