Investors may adjust China risk appetite after Didi crackdown
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IF INVESTORS were still sceptical about Chinese regulators' ability to challenge Big Tech, Sunday's crackdown on ride-hailing company Didi likely doused those doubts. The increasing scrutiny from regulators could prompt investors to relook China tech and factor in a higher level of risk, industry players say.
Since last year, regulators have made a series of shock moves that observers believe signal the watchdog's intention to strengthen supervision of the tech sector. It pulled the plug on Ant Group's mega initial public offering (IPO) and fined Alibaba, Tencent and Baidu for violations of anti-monopoly laws.
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