Even after $1.5 trillion rout, China tech traders see more pain

A stock rout triggered by Beijings widening clampdown has left Tencent Holdings Ltd. trading at a price-to-book ratio lower than during the 2008 financial crisis. Alibaba Group Holding Ltd. has slumped to record low in Hong Kong, where the benchmark stock index fell into a bear market this week.

via Economictimes