Chinese tech has taken hefty blows but giants like Tencent and Baidu are not out for the count

Arjun Kharpal
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Baidu, Alibaba and Tencent, collectively known as the BATs have lost around $165 billion in value year-to-date. Each have been burdened with their own troubles and all have been impacted by the negative sentiment towards Chinese stocks as a result of the trade war with the U.S. With a home market of over a billion people, a push by the Chinese government into new technologies like AI, and continued growth of digital services, the BATs may have taken a couple of hefty blows this year, but they're certainly not down for the count.

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