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. Growth in retail sales, a rough indicator for consumer spending in the world’s second largest economy, slowed to 3.9 per cent in November and is expected to slow further as the Chinese government’s zero-tolerance approach to slowing the spread of...