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A vendor playing a game at the China Beijing International High Tech Expo. A vendor sits in front of a screen showing an AI program playing the game Starcraft 2 at the China Beijing International High Tech Expo in Beijing, Sept. 19, 2020 (AP photo by Mark Schiefelbein).

China’s Crackdown on Tech Platforms Is Just Getting Started

Wednesday, Aug. 4, 2021

Editor’s Note: This is the web version of our subscriber-only weekly newsletter, China Note, which includes a look at the week’s top stories and best reads from and about China. Subscribe to receive it by email every Wednesday. If you’re already a subscriber, adjust your newsletter settings to receive it directly to your email inbox.

Years of a laissez-faire approach on the part of Chinese authorities has enabled homegrown tech companies like the Alibaba Group and Tencent Holdings to grow into the successful conglomerates they are today. But as the poster children of China’s innovation economy become too big for Beijing’s comfort, the Communist Party leadership has stepped up an unprecedented crackdown to rein in their clout. This regulatory curb has wiped out billions of dollars from the market value of Chinese firms and rattled global investors—and it shows no sign of abating. ...

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