^TagDidi Global Inc.

^{Type
post

Author
Heather Zeiger
Date
October 8, 2021

Categorized
Business and Finance, Global Technology

Tagged
Alibaba, Ant Group, antitrust, Baidu, ByteDance, China, Chinese Communist Party (CCP), Didi Global Inc., Evergrande Corp., Jack Ma, Meituan, Tencent, Xi Jinping}

Will China’s Huge Tech Sector Crackdown Stifle Innovation?

_{Part I: How will the Common Prosperity program really play out in the private sector?} _{Heather Zeiger

October 8, 2021

5

Business and Finance, Global Technology}

Didi Chuxing (Didi Global, Inc.), the largest ride-hailing company in the world, was reprimanded when it opened on the New York Stock Exchange after regulators warned it needed to shore up its data security issues. Meituan, China’s massive shopping and coupon app, was recently fined $533 million for “anticompetitive behavior.” Alibaba, owned by tech billionaire Jack Ma, had to pay a $2.8 billion fine for the same reasons. Antitrust regulators dinged Tencent, Baidu (China’s Google alternative), ByteDance (parent company for TikTok), and ecommerce company JD.com Inc. The billion-dollar online private tutoring industry sank after the Chinese government declared that after-school tutoring is now non-profit only. Then the online gaming industry was hit when the Chinese government declared children are only allowed to play for a few Read More ›

^{Type
post

Author
Heather Zeiger
Date
August 30, 2021

Categorized
Business and Finance, Data Privacy, Global Technology, Law

Tagged
Algorithms, Big Data, China, China Consumers Administration (CAC), Chinese Communist Party (CCP), consumer data laws, critical information infrastructure, Critical Information Infrastructure Security Protection Regulations, Cyberspace Administration of China (CAC), data privacy laws, Data Security Law, Didi Global Inc., European Union, Facial Recognition, General Data Protection Regulations (GDPR), Jack Ma, Personal Information Protection Law, Xi Jinping}

China’s Data Laws Restrict Businesses and Favor the State

_{The Data Security Law and the Personal Information Protection Law are part of the Chinese government’s plan to steer the private sector toward State goals} _{Heather Zeiger

August 30, 2021

8

Business and Finance, Data Privacy, Global Technology, Law}

In previous articles, I looked at how the Chinese government is reigning in China’s tech sector first of Jack Ma and Ant Group’s initial public offering on the Shenzhen and Hong Kong stock exchanges and then Didi Global, Inc. The Chinese government has since passed two data laws and released an update that clarifies the 2017 Cybersecurity Law. The result is better protections of citizens’ data from being used, exploited, or sold by private companies, and encroaching government presumption of the private sector in which the State has virtually unrestricted access to and jurisdiction over private companies’ data. Clarification of the 2017 Cybersecurity Law The Cyberspace Administration of China (CAC) gained oversight powers over other state agencies in 2014 under Xi Jinping. Jane Read More ›

China from space on realistic model of planet Earth with network. Concept of digital technology, connectivity and travel.

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post

Author
Heather Zeiger
Date
August 16, 2021

Categorized
Business and Finance, Global Technology

Tagged
antitrust, Big Tech, Big Tech (China), China, Chinese Communist Party (CCP), Didi Global Inc.}

What’s Behind China’s Crackdown on Big Tech?

_{Both China and the U.S. are treating big tech with a heavy hand, but under different motivations} _{Heather Zeiger

August 16, 2021

9

Business and Finance, Global Technology}

In a previous article I looked at Chinese regulators’ crackdown on Didi Global, China’s ride-hailing service. Didi is one of several Chinese tech giants that have been tamed in the past nine months. Prior to Didi, Ant Group, Tencent, Meituan, and Pinduoduo were all quelled by regulators. After Didi, regulators targeted Full Truck Alliance and Kanzhun. They recently shut down online for-profit tutoring and have banned mining cryptocurrencies in China. Thus far, the Chinese government’s actions have resulted in almost $1 trillion net losses for the Chinese tech sector. The two big questions are, Why now? and, relatedly, Who’s next? SupChina has a well-organized explainer on China’s Big Tech Crackdown here. Another helpful resource is this video from DW, “How China is tightening control of its tech companies”: According to SupChina, China’s Read More ›

^{Type
post

Author
Heather Zeiger
Date
August 10, 2021

Categorized
Business and Finance

Tagged
Ant Group, China, Chinese Communist Party (CCP), data, Didi Global Inc., Jack Ma, Uber, Xi Jinping}

China’s Crackdown on Big Tech: Didi Global Inc.

_{In an authoritarian government, data is power} _{Heather Zeiger

August 10, 2021

7

Business and Finance}

The Chinese Communist Party is on a campaign to reign in the private sector and some analysts say it is just the beginning. According to Wall Street Journal: Investors, analysts and company executives believe the government is just getting started in its push to realign the relationship between private business and the state, with a goal of ensuring companies do more to serve the Communist Party’s economic, social and national-security concerns. Jing Yang, Keith Zhai, and Quentin Webb, “China’s Corporate Crackdown Is Just Getting Started. Signs Point to More Tumult Ahead” at Wall Street Journal. Last November, the Chinese Communist Party (CCP) reined in Ant Group, Ltd. which was poised to open on the Shanghai and Hong Kong index with Read More ›