China Increases Pressure on Tech Giants Through Regulators
HEADLINES & GLOBAL NEWS By Mar 16, 2021 10:35 AM EDT Regulators concerned about China's rising power are increasing their pressure on the country's tech giants. By Monday, Tencent's stock cap had fallen by more than $60 billion as investors worried about heightened regulatory oversight. According to media outlets, Alibaba, a rival tech company, could be forced to divest some of its media holdings due to the crackdown. China tech giants under pressure on greater regulator scrutiny (Photo : Zhong Zhi/Getty Images for CNBC International) NANSHA, CHINA - NOVEMBER 18: Greg Geng, Vince President...
Source: hngn.com