Chinese tech stocks sink despite strong results from Baidu, iQiyi

May 16, 2023

Chinese tech stocks were largely in the red in pre-market trading on Tuesday despite stronger-than-expected results from industryl stalwarts Baidu (NASDAQ:BIDU) and iQiyi (NASDAQ:IQ).

Shares of Alibaba (BABA) and (JD) each fell around 1%, while Tencent (OTCPK:TCEHY) slipped around 0.5%.…

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