Analysis: Beyond security crackdown, Beijing charts state-controlled data market Reuters 13 hrs ago By Cate Cadell © Reuters/Edgar Su FILE PHOTO: A map of China is seen through a magnifying glass on a computer screen showing binary digits in Singapore
By Cate Cadell
BEIJING (Reuters) - China s sweeping regulatory action against internet giants such as ride-hailing firm Didi Global Inc, which has sent chills through the industry, is part of a broader national project to create a domestic marketplace for the country s vast troves of big data. © Reuters/JASON LEE FILE PHOTO: Chinese President Xi Jinping attends a welcoming ceremony for Greek President Prokopis Pavlopoulos in Beijing
Beyond security crackdown, Beijing charts state-controlled data market
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Beyond security crackdown, China charts state-controlled data market
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Why China is hobbling its tech sector
Ant Group, the financial arm of Alibaba, saw its $34 billion IPO sunk last year ahead of an anti-monopoly probe of the tech behemoth AFP/STR
11 Jul 2021 11:28AM Share this content
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BEIJING: Scuttled listings and share prices hammered by official threats: Beijing has launched a withering and very public assault on some of China s biggest tech names.
The travails of ride-hailing giant Didi Chuxing this week carried a cautionary tale for digital big hitters: What goes up, can come down . and fast.