Optimism is high amid China’s tech resurgence with DeepSeek’s “Sputnik” moment and Jack Ma’s return, but analysts are sounding a note of caution
[SINGAPORE] As Chen Dong of Pictet Wealth Management travelled around South-east Asia last month – to Singapore, Thailand, the Philippines and Indonesia – his clients were visibly curious about Chinese tech stocks.
“A lot of them were burned before and so they are cautious. But I think the enthusiasm is pretty obvious,” says Chen, the firm’s Hong Kong-based chief Asia strategist.
“They’re seeing more and more people on the streets owning BYD cars in their countries; maybe they themselves own this (car). They probably have tried the DeepSeek chatbot themselves,” he tells The Business Times over a call.
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