China’s e-commerce crackdown puts tech giants in line with national policy

China has long been recognised as the world’s biggest e-commerce market, driven by technology giants that helped revolutionise consumer spending behaviour in the second-largest economy behind the United States.The value of these Big Tech companies – led by e-commerce stalwarts Alibaba Group Holding, JD.com, Meituan, Pinduduo and Tencent Holdings – continued to rise last year, despite the disruptions caused by the Covid-19 pandemic. Benefiting from a global stock market rally among tech firms as…

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