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Active investors’ interest in the Chinese tech trade fades

Summary:
Chinese economy updatesSign up to myFT Daily Digest to be the first to know about Chinese economy news. It’s been a tough few months for investors in Chinese tech. After two years of warning shots from the powers that be in Beijing, the sector has been on the end of a crackdown which has covered everything from online tutoring to video gaming to payments.Quite a shock then to those investors used to a global governance regime which, bar a few exceptions, usually places the rights of shareholders above the health of the planet. Many famed active investors, including acerbic Berkshire Hathaway number two Charlie Munger, perhaps believing that China would simply not burn its foreign backers for the sake of its own politics, have found themselves in the red after trying to

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