
r
Last year, Chinau2019s tech stocks cratered. This year, Americau2019s are following suit. But their selloffs have very different drivers, and therein lies a potential inflection point in the emerging competition between the two countries.The Nasdaq correction is the natural consequence of speculative froth that allowed numerous unprofitable companies to go public and many established companies to achieve nosebleed valuations.
Venture Capital Becomes A Tech Battleground Between China, U.S. Biznewspost biznewspost comes via ChinaTechNews.com.