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China’s Tech Fortunes Tumble As Investors Turn Away From Public Listings

Xiaomi’s Founder, Chairman and CEO Lei Jun. (Photo: AP Photo/Kin Cheung) Technology companies in China have minted a slew of new billionaires worth almost $30.8 billion this year, but many of those fortunes are now sliding downward as investors grow increasingly skeptical of the sector’s outlook for future growth. […]

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Written by TechBuzr

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