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Tech's real China syndrome victims are yet to fall

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Many are racking up big losses yet have attracted astonishing valuations - US$50 billion for Uber, for example.

New York

FACEBOOK, Apple, Amazon and Microsoft have lost nearly US$200 billion of value in the past week. China's woes sparked the rout, but the problem was investors' giddy faith in growth.

Public tech stocks may recover. Fantasy valuations of private firms like Uber, though, will