CHINA TOPIX

Chinese Tech Giants Face Revenue Drop as China Tightens Advertising Regulation

Phenny Lynn Palec   |

Jul 11, 2016 06:27 PM EDT

Market analysts are predicting a significant drop in ad revenues due to recently imposed regulations by the Chinese government which will add a hefty amount of tax on search engine ads. Among the companies which are expected to receive a major blow are tech giants like Alibaba and Baidu.