China's small tech firms step out of the shadows

Nasdaq-listed microlender 360 DigiTech Inc is one such firm, having seen an increase in new business and a run-up in its share price after the introduction of new rules designed to rein in fintech giant Ant Group and other large rivals. - Reuters pic

SHANGHAI/HONG KONG: One firm's loss is another's gain. China's smaller technology companies and investors are eager to seize the day as a sweeping crackdown by anti-monopoly regulators on the country's internet giants creates a wealth of new opportunities.

Nasdaq-listed microlender 360 DigiTech Inc is one such firm, having seen an increase in new business and a run-up in its share price after the introduction of new rules designed to rein in fintech giant Ant Group and other large rivals.