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Why China is hobbling its tech sector
Ant Group, the financial arm of Alibaba, saw its $34 billion IPO sunk last year ahead of an anti-monopoly probe of the tech behemoth AFP/STR
11 Jul 2021 11:28AM Share this content
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BEIJING: Scuttled listings and share prices hammered by official threats: Beijing has launched a withering and very public assault on some of China s biggest tech names.
The travails of ride-hailing giant Didi Chuxing this week carried a cautionary tale for digital big hitters: What goes up, can come down . and fast.
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