China techJust how over is China's tech crackdown? It depends who you ask
Optimistic investors push up share prices, but analysts say Beijing's grip not easing
Commuters in Shanghai examine their smartphones. While Beijing has taken a softer tone after two years of crackdowns on the tech sector, experts say it is simply prioritizing the struggling economy. © Getty Images
CISSY ZHOU, Nikkei staff writer
January 13, 2023 19:01 JST
HONG KONG -- It has been a good few weeks for China's tech sector, from a regulatory point of view. Gaming groups Tencent Holdings and NetEase both received long-awaited approvals for imported titles, fintech group Ant Group got the greenlight for its consumer lending unit to raise more money, and two communist party officials pledged "unswerving" support to Alibaba Group Holding and Ant, its fintech affiliate.