China’s US$59 billion internet and technology bubble will trap many private-equity investors when it bursts, Bain says

China’s internet and technology sector is a bubble waiting to burst, according to an annual Asia-Pacific private equity report for 2019 released by Boston-based global management consultancy Bain & Company on Friday.According to the report, many private equity (PE) investors are stuck with portfolio companies bought over the past five years at high multiples. They now also face a deteriorating outlook for their investment.“That scenario, if and when it comes, will make it tough for general…

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