Experts: Moody's outlook cut 'unfair'

The latest cut to the outlook of major Chinese tech companies by United States-based ratings agency Moody's is "unfair and inappropriate", and the move neglects the immense growth potential of China's digital economy and platform enterprises, experts said.

They added that the rating downgrades could raise concerns about the professionalism of Moody's, and it shows that the ratings agency lacks understanding of China's internet and tech sector.

Moody's recently adjusted the outlook for 18 Chinese companies, including tech heavyweights Alibaba Group Holding and Tencent Holdings, from stable to negative, after it lowered China's credit outlook and the ratings of eight State-owned banks.