Equity markets around the world have had a rough week, but Chinese tech stocks seem to be having a particularly painful time.

As of 12:30 on October 12th, Hong Kong’s Hang Seng Index had tumbled 4.3 percent for the week, the Shanghai Composite Index was down 6.8 percent, while Shenzhen had fallen 8.8 percent.

Alibaba’s shares hit their lowest point in a year, Xiaomi’s plunged to less than 60 percent of their post-IPO peak.

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Elliott Zaagman

Elliott Zaagman is a contributor to TechNode. He is also a corporate trainer, executive coach, and writer who splits his time between Bangkok and Beijing. He focuses on Chinese companies and how they relate...