PDD - Chinese Internet Stocks: Throwing The Baby Out With The Bathwater

• Already walloped from uninspiring third-quarter results in several Chinese internet companies, Chinese stocks were hammered further by the broader market slump on renewed pandemic concerns.
• BlackRock says "the time to position in the China market is right now," with signs of "bottoming out" for the internet and property sectors.
• PDD stock was already weak ahead of its earnings announcement. However, the sell-off accelerated after the release of the results proved the bears correct.
• Despite developments refuting the materialization of 'worst case scenarios', BABA stock continues to respond negatively, frustrating the notion of "bad news are already priced in."
• Shareholders of some Chinese tech stocks who switched out to US equivalents have suffered from a double whammy as the latter crashed in recent weeks.

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