JPMorgan fund adds Chinese internet stocks hit by crackdown

Hong Kong-based Oliver Cox, who helps manage the $1.48 billion JPMorgan Pacific Technology Fund, says he’s selectively increasing exposure to tech behemoths whose valuations have been hit by an antitrust crackdown in China. Meituan and Tencent Holdings Ltd. are among his biggest bets.

AN ASIAN technology fund manager is buying into China’s internet stocks, shrugging off what he calls "noise” around regulatory tightening by Beijing and rising U.S. bond yields. That’s even as the sector’s swoon has eroded his returns.

Hong Kong-based Oliver Cox, who helps manage the $1.48 billion JPMorgan Pacific Technology Fund, says he’s selectively increasing exposure to tech behemoths whose valuations have been hit by an antitrust crackdown in China. Meituan and Tencent Holdings Ltd. are among his biggest bets.