Jamie said “What is interesting here is that the Chinese Communist party has done a good job of cultivating huge tech giants, national champions. But there has always been a split under the surface between those who want to encourage the great tech leap forward and a growing unease among those worried about these huge companies and the big public figures at the head of them, like Ma, outgrowing the patronage of the [Chinese communist] party.”

Francois said "Some buyers seem after a trophy asset, maybe lured by the hope of political influence,” but the views of the competition regulators were “the big question mark."

“Industrial rationale calls for consolidation. Will regulators reset their worldview to accept that the relevant market now includes online platforms competing with national TV channels for viewers and advertising spend?”

Joseph said “[Tech companies] weren’t as far ahead as you might think with remote working before. They had that image, but expectations at these companies, particularly in head office, were the same as in other sectors – to be present in the office. The pandemic changed that, and unquestionably companies such as Facebook have embraced the change.”

He added “All the tech companies have gone on a back and forth journey regarding remote working. They are settling on the idea that it has worked better than hoped, but that fully distributed teams on a permanent basis isn’t an optimum situation."