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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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