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What's Behind China's Crackdown on Its Tech Giants - The Washington Post washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.
China’s biggest internet companies got that way with at least tacit support from the government. Now two events have raised doubts about where those giants stand: the last-minute suspension of a stock offering by billionaire Jack Ma’s sprawling Ant Group Co. due to regulatory pressure; and the introduction of a draft antitrust policy seemingly designed to rein in the most powerful, including Alibaba Group Holding Ltd. (Ant’s major backer) and Tencent Holdings Ltd., operator of the WeChat super-a ....
Dissecting China's Crackdown on Its Internet Giants - The Washington Post washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.