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Abstract virtual microscheme illustration on flag of China and blurry cityscape background. Big data and database concept. Multiexposure

Is China’s Crackdown on Big Tech Easing Up?

Depends on who you talk to. It could be wishful thinking on the part of investors

. As a China news site SupChina told the story mid-last year, Beijing practically nuked the Chinese Big Tech industries: Since the suspension of Ant Group’s IPO in November, Beijing has embarked on an unprecedented clampdown of its technology sector. The casualties include some of China’s leading tech companies, such as Tencent (internet conglomerate), Meituan (food delivery), Pinduoduo (ecommerce), Didi (ride-hailing app), Full Truck Alliance (freight logistics app), Kanzhun (recruitment), online private tutoring companies like New Oriental Education and TAL Education, and a crackdown on cryptocurrencies. Chang Che and Jeremy Goldkorn, “China’s ‘Big Tech crackdown’: A guide” at SupChina (August 2, 2021) SupChina offered a variety of explanations for the sudden lunge at Big Tech, which started in November 2020, from ideological purification through internal Party warfare. Summing up: What the tech crackdown tells us Read More ›