China defends crackdown on tech firms in meeting with Wall Street executives: Report


Source: hindustantimes.com hindustantimes.com

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China defends crackdown on tech firms in meeting with Wall Street executives: Report Global investors have been spooked in recent months by a flurry of Chinese regulations targeting sectors ranging from technology, gaming and private tutoring. China's top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday. Investors' concerns over the regulatory crackdown has led to sharp sell-offs on China's share markets, reducing the market capitalisation of some of its largest companies including Alibaba Group Holding Limited. Also read: Looking for a smartphone? Check Mobile Finder here ....