Big tech firms concerned over antitrust scrutiny in China
ANI |
Updated: Apr 04, 2021 17:06 IST
Washington DC [US], April 4 (ANI): Of late China's big tech firms like Alibaba, Tencent and Baidu are dealing with hurdles similar to those that faced by Amazon, Facebook and Google, which has now become a big theme and could hamper the growth of its homegrown tech giants.
The ongoing regulatory drive could affect the growth prospect of China's tech industry, should authorities decide to regulate with a heavy hand, The Frontier Post reported.
Alibaba found itself in the centre of the regulatory storm in December last year as China's market watchdog launched an investigation of the company and could face a fine of USD 1 billion or more as an antitrust probe into the company continues.

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