Yes, in my opinion the stock can still go up with the growth of the company's earnings and forward looking market potentials. They will still be a head in the markets and competitors by a few years.
Regulatory risk is difficult to price in. Just have to invest in caution
China Tech Stocks Slump as Nation Issues Draft Competition Rules
A wave of selling in China’s bellwether technology stocks continued for a fifth day, following Beijing’s latest moves to tighten its grip on the nation’s internet giants.China tech stocks slump in premarket trading, after China’s market regulator issued draft rules banning unfair competition among the nation’s online platform operators.The wide-ranging proposals released Tuesday come after the tech-industry ministry launched a campaign last month aimed at rooting out a raft of problematic behav