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Why I am averse to investing in Chinese tech leaders

A THEME that will dominate this century is the tussle for supremacy between the US and China. A key arena of battle is the tech sphere.

However, betting on which companies will capture the next big thing in tech is challenging. Who will lead in producing a new physical device that supersedes the smartphone in connecting people to information and services? Who can dominate the metaverse and extract rent in this virtual world? Will Internet companies instead of automobile players lead in driverless cars?

Big-tech groups are investing heavily in research, acquiring businesses and hiring top-class talent in their quest for dominance. As a lay investor armed with some curiosity and knowledge of financial...

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