China is seeking to curb monopolistic market practices as a handful of technology companies begin to control every sphere of economic life. Photo: Handout China is seeking to curb monopolistic market practices as a handful of technology companies begin to control every sphere of economic life. Photo: Handout
China is seeking to curb monopolistic market practices as a handful of technology companies begin to control every sphere of economic life. Photo: Handout

China drafts new antitrust guideline to rein in tech giants, wiping US$102 billion from Alibaba, Tencent and Meituan stocks

  • Draft guideline ‘targeting tech giants’ in e-commerce, online food delivery and ride hailing, Atta Capital’s Alan Li says
  • Tech giants plunge broadly in Hong Kong trading on Tuesday, with Meituan and JD.com both down by more than 8 per cent

Topic |   Asia Tech
China is seeking to curb monopolistic market practices as a handful of technology companies begin to control every sphere of economic life. Photo: Handout China is seeking to curb monopolistic market practices as a handful of technology companies begin to control every sphere of economic life. Photo: Handout
China is seeking to curb monopolistic market practices as a handful of technology companies begin to control every sphere of economic life. Photo: Handout
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