China Renaissance Urges Investors to Tread With Caution in China’s Tech Sector

China Renaissance CEO Fan Bao said at the Converge tech conference in Hong Kong that “venture tourists” from China are going to the U.S., and discussed the dangers involved. Photo: Kenneth Lim for The Wall Street Journal By Eva Dou Eva Dou The Wall Street Journal CANCEL Biography @evadou June 2, 2016 11:50 p.m. ET 0 COMMENTS HONG KONG—Investors should tread carefully as they navigate a frothy internet sector in China, said Fan Bao, founder and chief executive of boutique investment bank China Renaissance, at the Converge technology conference hosted by The Wall Street Journal and f.ounders on Friday. “It’s even more important in this market to focus on stock-picking,” he said. “You can’t really invest on a sector basis. Given the oversupply of capital, the casualty rate is going…


Link to Full Article: China Renaissance Urges Investors to Tread With Caution in China’s Tech Sector