FactSet: revenue growth for China’s tech giants is slowing; the average target for Meituan’s shares fell 20% + in March, while Tencent and JD’s shares fell 10% + (Clarence Leong / Wall Street Journal)


Clarence Leong / Wall Street Journal:

FactSet: revenue growth for China’s tech giants is slowing; the average target for Meituan’s shares fell 20% + in March, while Tencent and JD’s shares fell 10% +– Beijing’s anti-Covid measures are likely to exacerbate a slowdown in revenue growth for companies including Alibaba and Meituan

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