On November 2, 2020, Jack Ma’s Ant Group was gearing up for the biggest initial public offering in history. One day later, it all fell apart. Beijing’s decision to yank the $37 billion IPO was just the start of a sweeping crackdown that has become one of the most consequential realignments of private …
Tech 2021: China Cracks Down on Data Sharing, Cryptocurrency, Gaming and More
Beijing spent the year enforcing new policies against tech firms within its borders, forcing Didi, Tencent, Alibaba and others to reorganize their businesses to appease regulators. Chinese President Xi Jinping's administration also moved to ban cryptocurrency mining, instituted stricter rules around how companies can deploy algorithms, and even mandated how long kids can play video games. The year-long effort so far has changed how business is carried out in China.
Why Is Beijing Cracking Down on China-Based Tech Firms?
China’s government kicked off a sweeping crackdown on its most powerful corporations a year ago, chilling investors and tech industry players alike …
Chinese technology giants once seemed untouchable, with billions of profits through aggressive expansion. But that status is now more uncertain after …
China has long been recognised as the world’s biggest e-commerce market, driven by technology giants that helped revolutionise consumer spending …
The decentralized technology clashes with the government’s plans for a state-dominated economy—one that includes its own digital currency. Every time …
Hong Kong — China's crackdown on online video gaming was in effect Thursday. Everyone in the country under the age of 18 — more than 268 million …
China is not done with curbing the influence local internet services have assumed in the world’s most populous market. Following a widening series of regulatory crackdowns in recent months, the nation on Friday issued draft guidelines on regulating the algorithms firms run to make recommendations …
Beijing is increasingly sensitive about control over information about its people and economy. BEIJING — Tech experts in China who find a weakness in computer security would be required to tell the government and couldn’t sell that knowledge under rules further tightening the Communist Party’s …
BEIJING (AP) — China’s dominant ride-hailing service, Didi Global Inc., said Friday it will pull out of the New York Stock Exchange and shift its share trading to Hong Kong as the ruling Communist Party tightens control over tech industries. Didi gave no explanation, but China’s leaders increasingly …
Chinese officials ordered some of the country's biggest companies — including Alibaba, Tencent and Baiidu — to pay fines for failing to report …