China tech crackdown: Alibaba, Tencent, ByteDance posts weaker ad revenue growth in 2021, report says

Growth in advertising revenue at China’s three biggest technology companies – Alibaba Group Holding, Tencent Holdings, and ByteDance – slowed in 2021 amid Beijing’s regulatory clampdown on the internet industry, according to new research.Top-ranked Alibaba, owner of the South China Morning Post and the subject of a major antitrust investigation last year, saw its advertising market share among Chinese internet companies decline to 29 per cent, from 30 per cent a year ago, according to a report…


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