Business
TikTok row shows geopolitical risk is no joke – The Australian Financial Review
Magellan’s investments in Tencent and Alibaba are not threatened by a US crackdown, says Hamish Douglass, but investors need to understand what’s at stake when they back China’s growth.
Tencent’s WeChat was also named by Mr Pompeo as “feeding data directly to the Chinese Communist Party”.
“Whether WeChat is banned in the US or not I dont think has any material bearing on Tencent,” the Magellan chairman said. “Were trying to diversify that risk. We’re not that concerned about Tencent and Alibaba” another Magellan holding “getting caught up, but we have a large investment in Starbucks.”
ByteDance is just another example of the risks that exist here. Theres not a lot of risk bei…
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