The Covid-19 pandemic has led to more online shopping, but it has also led to weakened consumer demand, a trends analysts expect to continue in 2022, dragging on growth for e-commerce firms and other internet businesses. Photo: Xinhua
China’s tech crackdown to keep consumer spending weak in 2022, analyst says
  • Regulatory pressure and weak economic growth will continue to create uncertainty for internet businesses for another year, analyst predicts
  • Tech stocks were already hammered in 2021 after a slew of regulatory crackdowns that shaved half the value off many companies
11 Jan 2022 - 7:00AM