Chinese tech stocks were meant to challenge FANGs — but $168 billion has been wiped off their value
September 20, 2018 at 09:27 AM EDT
A collective $168 billion has been wiped off the BATs — Baidu, Alibaba and Tencent — thanks to a cocktail of factors from the U.S.-China trade war to concerns over valuations and regulatory crackdown from Beijing.
