A motorist travels past an Alibaba Group office building in Shanghai on December 24. China’s shift towards antitrust measures against Alibaba’s Ant Group and other tech giants could signal the start of painful deleveraging for some of the country’s most successful firms. Photo: Bloomberg A motorist travels past an Alibaba Group office building in Shanghai on December 24. China’s shift towards antitrust measures against Alibaba’s Ant Group and other tech giants could signal the start of painful deleveraging for some of the country’s most successful firms. Photo: Bloomberg
A motorist travels past an Alibaba Group office building in Shanghai on December 24. China’s shift towards antitrust measures against Alibaba’s Ant Group and other tech giants could signal the start of painful deleveraging for some of the country’s most successful firms. Photo: Bloomberg
Hao Zhou
Opinion

Opinion

Macroscope by Hao Zhou

China’s antitrust crusade against tech sector signals new policy direction

  • While it’s clear from the Central Economic Work Conference there would be no sudden turn in overall policy, the antitrust measures underline Beijing’s bottom line of preventing systemic risk, and signal it is learning from past market routs to achieve smoother market development

A motorist travels past an Alibaba Group office building in Shanghai on December 24. China’s shift towards antitrust measures against Alibaba’s Ant Group and other tech giants could signal the start of painful deleveraging for some of the country’s most successful firms. Photo: Bloomberg A motorist travels past an Alibaba Group office building in Shanghai on December 24. China’s shift towards antitrust measures against Alibaba’s Ant Group and other tech giants could signal the start of painful deleveraging for some of the country’s most successful firms. Photo: Bloomberg
A motorist travels past an Alibaba Group office building in Shanghai on December 24. China’s shift towards antitrust measures against Alibaba’s Ant Group and other tech giants could signal the start of painful deleveraging for some of the country’s most successful firms. Photo: Bloomberg
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Hao Zhou

Hao Zhou

Hao Zhou currently serves as a senior economist (emerging markets) with Commerzbank. He covers North Asia economic and markets research.