Chinese tech stocks sink despite strong results from Baidu, iQiyi

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.com (JD) each fell around 1%, while Tencent (OTCPK:TCEHY) slipped around 0.5%.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.