--- title: "Alibaba, Tencent shares rise as investors bet China's tech crackdown is over" description: "Shares of Chinese tech giants Alibaba and Tencent rose on Monday, as investors bet that a recent regulatory crackdown on the sector is nearing an end." author: "Yashna Bawa" published: 2023-07-10 updated: 2023-07-10 canonical: https://www.mindstick.com/news/3149/alibaba-tencent-shares-rise-as-investors-bet-china-s-tech-crackdown-is-over category: "information technology" tags: ["technology", "china sourcing agent"] reading_time: 2 minutes --- # Alibaba, Tencent shares rise as investors bet China's tech crackdown is over Shares of [tech](https://www.mindstick.com/news/2695/china-purchases-golden-shares-in-)-companies-tencent-and-alibaba-to-gain-control-over-the-sector"> Chinese tech giants Alibaba and Tencent rose on Monday, as [investors](https://www.mindstick.com/news/2413/with-collapse-of-ftx-genesis-alerts-investors-to-the-possibility-of-bankruptcy-without-new-funding) bet that a [recent regulatory](https://answers.mindstick.com/qa/111702/how-are-recent-regulatory-changes-impacting-businesses) crackdown on the sector is nearing an end. The two companies were among the hardest hit by the crackdown, which began in late 2020. Alibaba was fined a record $2.8 billion for [antitrust](https://answers.mindstick.com/qa/41804/the-sherman-antitrust-act-imposed-limitations-upon-which-group) violations, while Tencent was targeted for its [gaming business.](https://www.mindstick.com/news/948/how-ai-influenced-gaming-industry) However, the regulatory [pressure](https://www.mindstick.com/blog/23071/how-to-fight-exam-pressure) appears to be easing in recent months. In June, the Chinese government announced that it would be suspending a number of antitrust investigations into [tech companies](https://www.mindstick.com/articles/44167/top-10-tech-companies-to-work-for-in-india). The [news](https://www.mindstick.com/developersection/news) has helped to boost investor sentiment, and Alibaba and Tencent shares have risen by more than 20% in the past month. "Investors are starting to believe that the worst is over for China's tech sector," said Michael Norris, an analyst at IDC. "The recent regulatory announcements have been positive, and there's a sense that the government is now focused on other priorities." It remains to be seen whether the regulatory crackdown is truly over. However, the recent market reaction suggests that investors are betting that it is. ## Here are some of the key takeaways from the news: - Shares of Alibaba and Tencent have risen sharply in recent months, as investors bet that the regulatory crackdown on China's tech sector is nearing an end. - The Chinese [government has announced](https://answers.mindstick.com/qa/39365/in-the-union-budget-2018-the-union-government-has-announced-to-build-a-tunnel-through-the-sela-pass-the-sela-pass-is-located-in-which-state) that it will be suspending a number of antitrust investigations into tech companies. - [Analysts](https://yourviews.mindstick.com/audio/1106/important-skills-for-data-analysts) believe that the recent regulatory announcements have been positive for the tech sector, and that the government is now focused on other priorities. - It remains to be seen whether the regulatory crackdown is truly over, but the market reaction suggests that investors are betting that it is. --- Original Source: https://www.mindstick.com/news/3149/alibaba-tencent-shares-rise-as-investors-bet-china-s-tech-crackdown-is-over Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.