Khazanah Nasional Bhd, the government investment arm which had in the past made a killing from an early investment in Chinese e-commerce giant Alibaba, says the tech sector “appears stretched”.
That the tech sector’s valuations are overheated is not new. A number of parties have expressed such a view although there are parties who argue that this tech rally is not the same as the dotcom bubble of the past and therefore current valuations can be justified.
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