Chinese cloud giants eye South-East Asia
As the business climate worsens at home and in the West, Alibaba, Tencent and their peers seek friendlier markets
CHINA’S TECHNOLOGY giants are having a torrid time. At home, a regulatory crackdown is intensifying. In the latest move, on August 17th the authorities released draft antitrust rules that would hurt the business models of titans like Alibaba and Tencent. In the West, meanwhile, governments want to make it harder for Chinese companies to do business in their countries and, in America’s case, to list shares. Some global asset managers are calling Chinese tech stocks “uninvestable”.
This article appeared in the Business section of the print edition under the headline “SEA change”
Business August 21st 2021
From the August 21st 2021 edition
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