Hedge funds not gung ho about Chinese tech giants' peppy earnings

Hedge funds not gung ho about Chinese tech giants' peppy earnings

FILE PHOTO: A logo of Baidu is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File Photo/File Photo

A set of bumper earnings reports from the likes of Baidu Inc and other Chinese internet giants isn’t impressing hedge funds and other investors who have cut exposure to the stocks and seem to be waiting for more good news.