Beijing’s Big Tech crackdown kills dreams of quick wealth among China’s ambitious young workers

//Beijing’s Big Tech crackdown kills dreams of quick wealth among China’s ambitious young workers

Beijing’s Big Tech crackdown kills dreams of quick wealth among China’s ambitious young workers

When software engineer Bruce Wang quit his job at food delivery giant Meituan last year, he gave himself two options: become a bitcoin investor or join a private tutoring company.Both were promising industries, with the cryptocurrency and tutoring stocks exploding in value. Wang ultimately decided on private tutoring for the job security, but it proved to be an ill-fated decision.China’s crackdown this year on both private tutoring and bitcoin mining, along with the rest of the technology…

Article by [author-name] (c) Big Tech - South China Morning Post - Read full story here.

By | 2021-09-04T03:00:25+00:00 September 4th, 2021|Technology|Comments Off on Beijing’s Big Tech crackdown kills dreams of quick wealth among China’s ambitious young workers