Antitrust crackdown on China’s tech sector could lead to greater competition, S&P says

//Antitrust crackdown on China’s tech sector could lead to greater competition, S&P says

Antitrust crackdown on China’s tech sector could lead to greater competition, S&P says

Competition is likely to intensify among Chinese internet companies, such as Big Tech firms Alibaba Group Holding, JD.com and Tencent Holdings, as Beijing places greater scrutiny on mergers, overseas listings and anticompetitive behaviour in the technology sector, according to S&P Global Ratings.An ongoing crackdown on the sector, particularly antitrust inquiries, are a “tail risk” for the industry in China, but could open the door for additional investment spending as companies seek to grow…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-08-03T06:00:05+00:00 August 3rd, 2021|Business|Comments Off on Antitrust crackdown on China’s tech sector could lead to greater competition, S&P says