Alibaba, along with other Chinese internet firms such as Tencent and ByteDance, saw their advertising revenues drop in 2021. Photo: Reuters
China tech crackdown: Alibaba, Tencent, ByteDance posts weaker ad revenue growth in 2021, report says
- Growth of China’s internet advertising market declined last year, as regulatory pressure on tech firms increased
- Antitrust investigations and a ban on off-campus tutoring services dampened online advertising business on the mainland
Alibaba, along with other Chinese internet firms such as Tencent and ByteDance, saw their advertising revenues drop in 2021. Photo: Reuters
