Top Investor Fred Hu Sees Turning Point in China Tech

Fred Hu, the founder of one of China's biggest private equity investors says the nation's tech firms are turning a corner after a recent rout wiped out nearly $2 trillion in market value at its peak. The private equity mogul's views are one of the strongest statements yet in support of a turnaround as global investors begin to rotate back into tech stocks. Primavera Capital started by the former Goldman Sachs rainmaker has approximately $17 billion under management. He spoke to Bloomberg's John Cheng.