Huge China tech merger marks latest push for scale in US rivalry

Beijing accelerates state-sector consolidation to build bigger champions

Military supplier China Electronics Technology Group, whose group companies include Hikvision, the world's largest supplier of surveillance cameras, is on track for a megamerger with Potevio. © Reuters

SHUNSUKE TABETA and KENJI KAWASE, Nikkei staff writers

June 26, 2021 01:06 JST

BEIJING/HONG KONG -- The Chinese government has greenlighted the merger of two major state-owned technology companies as it seeks to build bigger industrial groups that can better compete with U.S. and other rivals.