TIGR, TME & China Internet: Kerrisdale Capital
UP Fintech (NASDAQ:TIGR), Tencent Music (NYSE:TME) & China Internet – Painful Sell-Off Provides Generational Buying Opportunity Q2 2021 hedge fund letters, conferences and more Recent moves by the Chinese authorities across the Chinese internet space has triggered the worst sell-off for Chinese stocks since 2018, creating a tremendous opportunity to buy high-quality Chinese Internet assets at attractive valuations. When looking at historical multiples such as forward P/E, Chinese Internet names are trading at close to their cheapest levels since 2013, with a P/E valuation disparity of over 10 ...