China’s Big Tech crackdown: Will Beijing’s efforts kill the country’s most vibrant economic sector?

//China’s Big Tech crackdown: Will Beijing’s efforts kill the country’s most vibrant economic sector?

China’s Big Tech crackdown: Will Beijing’s efforts kill the country’s most vibrant economic sector?

Beijing’s campaign to rein in the power and influence of Big Tech in the country is reaching new heights, pummeling tech stocks and leading many analysts to question if the tougher scrutiny could end up emasculating the most vibrant sector of China’s economy.China’s full complement of regulators have let loose on Big Tech after receiving Beijing’s blessing last winter to curb the “irrational expansion of capital” and formation of monopolies that may threaten social stability. That escalating…

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

By | 2021-07-31T02:00:26+00:00 July 31st, 2021|Technology|Comments Off on China’s Big Tech crackdown: Will Beijing’s efforts kill the country’s most vibrant economic sector?