Cutouts


Jack Ma Emerges for First Time Since Ant, Alibaba Crackdown - Bloomberg  

added about 1 month ago by @icyflame ARCHIVES

china government surveillance    

The [Chinese] government has increasingly sought to exert influence over the extent to which companies from Tencent Holdings Ltd. to ByteDance Ltd. amass data and direct commerce and media. The same month Ant’s IPO was scuttled, the nation’s top antitrust watchdog published new guidelines warning tech giants against monopolistic practices from forced exclusive arrangements to collusion on data. While Ant and Alibaba have borne the brunt of that assault since November, investors have since sold off peers from Tencent to Meituan. Both stocks rallied more than 3% on Wednesday.

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