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JPMorgan's 'Uninvestable' Call on China Internet Firms Was Published in Error
Posted
May 10, 2022
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2:24Now PlayingA report by JPMorgan Chase & Co.'s analysts that described Chinese Internet companies as "uninvestable" was never meant to see the light of day, according to people familiar with the matter. The label helped erase about $200 billion from U.S. and Asian markets. It also prompted one Chinese technology company to downgrade JPMorgan's underwriting role on an upcoming initial public offering. Sally Bakewell reports on "Bloomberg Daybreak: Australia."
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