QR codes of Tencent’s WeChat Pay and Ant Group’s Alipay at a wet market in eastern China’s Jiangsu province. Photo:  ImagineChina via AFP
QR codes of Tencent’s WeChat Pay and Ant Group’s Alipay at a wet market in eastern China’s Jiangsu province. Photo: ImagineChina via AFP
E-commerce

China’s grand plan to boost domestic demand is set to revive Big Tech firms after crackdown

  • China’s new guideline, which emphasises domestic demand, has promised support for internet-enabled services such as the sharing economy and e-commerce
  • Support for new areas of consumption bodes well for sectors such as consumer electronics, video gaming and virtual reality, according to analysts

QR codes of Tencent’s WeChat Pay and Ant Group’s Alipay at a wet market in eastern China’s Jiangsu province. Photo:  ImagineChina via AFP
QR codes of Tencent’s WeChat Pay and Ant Group’s Alipay at a wet market in eastern China’s Jiangsu province. Photo: ImagineChina via AFP
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