FactSet: revenue growth at China's tech giants is slowing; the average target for Meituan's shares fell 20%+ in March, while Tencent and JD's targets fell 10%+ (Clarence Leong/Wall Street Journal)


Clarence Leong / Wall Street Journal:

FactSet: revenue growth at China’s tech giants is slowing; the average target for Meituan’s shares fell 20%+ in March, while Tencent and JD’s targets fell 10%+  —  Beijing’s anti-Covid measures are likely to exacerbate a slowdown in revenue growth for companies including Alibaba and Meituan


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