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

Source: Tech – South China Morning PostCompetition 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…Read More

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