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