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New Yuan digital currency of china on red economy graph chart

China Sharply Reins in Big Tech Amid All-Digital Currency Rollout

Ant Group must turn over its vast customer database to the government in exchange for the easing of strict regulations

Earlier, we looked at what China’s new digital yuan, also called Digital Currency Electronics Payment or e-CNY, will mean for Chinese citizens. The rollout may relate to billionaire e-commerce founder Jack Ma’s critiques of China’s regulators and subsequent (temporary) disappearance. Also to the subsequent denial of his Ant Group’s billion-dollar initial public offering on the Shanghai index. Since then, the Chinese government has cracked down on several Big Tech companies while promoting the digital yuan. How China is rapidly reining in its Big Tech industries Chinese media have been promoting the second annual Double Five (i.e., May 5) Shopping Festival in Shanghai. This month-long state-organized shopping festival is part of “National Consumption Promotion Month.” The first Consumption Month festival, held…

missing-piece

Chinese Entrepreneur Jack Ma Missing After Criticizing The Party

If even Jack Ma can just disappear in China’s high tech world, is anyone safe?

Several media outlets are asking “Where is Jack Ma?” China’s most well-known tech entrepreneur and self-made billionaire has not been seen publicly after a speech he gave at the Bund Summit in Shanghai in October criticizing China’s financial system. CNBC’s David Faber reports that Ma (pictured) is not missing but “laying low” and is purposely remaining less visible after his speech angered the CCP. Radio Free Asia, however, says Ma is definitely under a travel ban and may be “under restrictive measures.” More ominously, Asia Times Financial reports that a CCP mouthpiece has said Jack Ma is now “embracing supervision” at an undisclosed location. So who is Jack Ma? He is the founder of e-commerce company Alibaba Group. The company’s…

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Phone-Screen-for-Hel-modified

China’s Health Code App: One More Way to Track Citizens

For the Chinese Communist Party, SARS-CoV-2 (the coronavirus) has provided an opportunity to expand its massive surveillance system. The current extensive network of facial recognition cameras has left some gaps. People could avoid recognition, for example, by wearing a face covering to curb the spread of a respiratory illness. Now, China is looking to fill those gaps by keeping the Alipay Health Code app, launched at the height of the COVID-19 pandemic, as a mainstay for its citizens: Compared to omnipresent facial recognition software and other surveillance systems in China, the health code mechanism covers more people and collects a broader range of personal information. The state can also impose stricter control as people now have to use health codes…