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US dotcom bubble pales in comparison to today's China tech valuations
The average Chinese tech stock has a PE ratio 41% above that of US peers in 2000
Add BT as a preferred sourcePublished Wed, Apr 8, 2015 · 09:50 PM
Taipei
THE world-beating surge in Chinese technology stocks is making the heady days of the dotcom bubble look almost tame by comparison.
The industry is leading gains in China's US$6.9 trillion stock market, sending valuations to an average 220 times reported profits, the most expensive level among global peers. When the Nasdaq Composite Index peaked in March 2000, technology companies in the US had a mean price-to-earnings ratio of 156.
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