China's tech sector may see its worst days over, but it doesn't mean that regulations will be easing, said S&P Global Ratings in a report.
China's internet sector may have seen its worst days over, but it doesn't mean that regulations from the Chinese government will be easing, said S&P Global Ratings in a report.
Companies will adjust their business practices to align with stricter enforcement of anti-competitive rules, said S&P.Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Wednesday, March 29, 2023. Alibaba's overhaul could serve as a template for a restructuring of China Tech itself: a shake-up that achieves Beijings aim of carving up the countrys tech titans while unlocking potentially billions of dollars in pent-up shareholder value.
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