Chinese Shares Barrel Lower; Economy and Private Equity Markets Continue to Get Pressured

I live for this sort of shit. I get to see a tragic economic collapse from afar, totally not affecting me in the smallest of ways. I think about this and then I say to myself “what the fuck is wrong with me, I must be an evil man or some shit.” But then I start to think about how charitable I am here on the blog, offering ideas and stratagems for free — helping those who are mentally retarded make a living in stocks, and then I feel good about myself again.

Truth is, I don’t want to see China go away, or suffer too severely. It’s just en entertaining thing to watch, from a market perspective. Am I right?

If you agreed, you’re an evil bastard.

Early indicators suggest a great weakening is occurring in China.

“The early indicators show that economic conditions continue to weaken both on the domestic and external fronts,” Bloomberg Chief Asia Economist Chang Shu said. “Economic sentiment is very poor, particularly among small private firms. We expect policy support for the economy to continue to broaden to all aspects of growth — exports, consumption and investment.”

And the WSJ is out with a fucking Tommy Gun hit piece on Chinese PE, pointing to lack of unicorn growth because investors think the whole bag of flaming shit is about to get stomped the fuck out.

The tide is suddenly turning against some of China’s most valuable technology startups.

After months of surging valuations among dozens of private companies in the world’s most populous nation, investors are growing cautious about businesses that are burning through cash rapidly or that are encountering hiccups in their growth strategies.

In recent weeks, several Chinese tech unicorns—private companies valued at more than $1 billion—have struggled to meet fundraising targets, according to bankers and investors. A few have delayed plans for initial public offerings, while some investors have lowered their estimates of the worth of one of China’s top startups.

“Pessimism is spreading,” said Shen Meng, director at Chanson & Co., a Beijing-based investment bank. Sharp declines in the stocks of both major and recently listed Chinese tech companies alike are also stoking investors’ skepticism toward unicorn valuations, he added.

It’s all over ChinaFAGS. The end of days is here, now.

Chinese shares are down 1.4%, up from an earlier 3.2% deficit.

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