China’s tech sector faces a tough 2022 amid regulatory pressure and weak economic growth, a UBS Securities analyst said on Monday, offering another dour outlook for the year ahead after a rough 2021. Weak consumption in China this year will make it hard for e-commerce platforms and other businesses relying on advertising to increase revenue, according to analyst Felix Liu.

China tech crackdown: e-commerce and online advertising to contend with weak spending in 2022, UBS analyst says comes via ChinaTechNews.com.