China Tech Stocks Are Winning Back Investors After Awful Year

(Bloomberg) — After a rout that rivaled the burst of the U.S. dot-com bubble, things are looking better for Chinese tech stocks in 2023 as regulatory headwinds ease and earnings prospects improve.

The sector, once dubbed “uninvestable,” has regained favor among Wall Street analysts and investors as China’s reopening spurs hopes for an economic recovery and a long-standing auditing spat with the U.S. looks set to be resolved. The growing bullish chorus includes strategists at Morgan Stanley, UBS Group AG and JPMorgan Chase & Co.