Xi warns against tech excess in sign crackdown will widen

Business Mar 16, 2021

Xi warns against tech excess in sign crackdown will widen

China’s top leader warned that Beijing will go after so-called "platform” companies that have amassed data and market power, a sign that the monthslong crackdown on the country’s internet sector is only just beginning. President Xi Jinping on Monday chaired a meeting of the communist ...

Xi’s push against Jack Ma sparks new threat for China tech

Business Jan 10, 2021

Xi’s push against Jack Ma sparks new threat for China tech

Chinese tech companies did a pretty good job convincing global investors that they operated independently from the Communist Party. Now, Jack Ma has become a case study for the firms’ biggest skeptics. Companies from Alibaba Group Holding Ltd. to Tencent Holdings Ltd. splashed out billions ...