Top 5 Falling Chinese Tech Stocks

1. Infobird Co., Ltd (NASDAQ:IFBD)                      

Share price performance for the past 2 years: -99.6%

Number of Hedge Fund holders: N/A

Infobird Co., Ltd (NASDAQ:IFBD) functions as a provider of customer engagement solutions powered by artificial intelligence in the People’s Republic of China. The services provided by the company include cloud-based customer relationship management, encompassing software-as-a-service (SaaS) and business process outsourcing, which are offered to its clientele. 

In their Securities and Exchange Commission (SEC) filing, the firm declared that they encounter different challenges related to the laws and operations in China, where they are primarily based and operate. The laws and rules there are intricate and constantly changing. For instance, they are at risk due to recent statements and actions by the Chinese government. These include issues like how they are structured as a company, getting approvals for offerings outside of China, worries about fair competition, and government actions related to regulations and data security. These challenges could affect their ability to do business, get investments from abroad, or be listed on foreign stock exchanges like in the United States. These reasons seem to have negatively impacted the share price over the past two years, causing it to decline by 99.6%.

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