China’s Worst Tech Earnings in Three Years Signal Tough Comeback

Chinese technology companies reported their weakest quarterly profit growth in three years, leaving more doubt for investors looking for a recovery in sector stocks.

Earnings for the 30-member Hang Seng Tech Index fell 30% in the three months through December, compared with a year ago. That’s the worst performance since 2022, when profits were hurt by regulations on the tech sector and a weak recovery in consumer spending following Covid.