China’s Regulatory Crackdown Begins to Sweep Up Foreign Firms

China’s Regulatory Crackdown Begins to Sweep Up Foreign Firms
Employees walk past the logo for Alibaba Group during an Internet Technology Expo in Beijing, April 30, 2021 (AP photo by Ng Han Guan).

Nearly a year since Chinese authorities brought the Ant Group’s initial public offering, or IPO, to a halt, the domestic tech industry is still reeling from a relentless crackdown that has since broadened to include other sectors of the economy. In its latest reshuffling, the Alibaba Group replaced its chief financial officer and reorganized its sales team. The decision is part of the tech giant’s continuing restructuring efforts to make the company “more agile” by devolving power to the leaders of each business line. Elsewhere, ride-hailing giant Didi announced its plan to back out of the New York Stock Exchange and aim for a […]

Keep reading for free right now!

Enter your email to get instant access to the rest of this article, get three free articles every 30 days, and to receive our free email newsletter:

Or, Subscribe now to get full access.

Already a subscriber? Log in here .

What you’ll get with an All-Access subscription to World Politics Review:

A WPR subscription is like no other resource — it’s like having your own personal researcher and analyst for news and events around the globe. Subscribe now, and you’ll get:

  • Immediate and instant access to the full searchable library of 15,000+ articles
  • Daily articles with original analysis, written by leading topic experts, delivered to you every weekday
  • Weekly in-depth reports on important issues and countries
  • Daily links to must-read news, analysis, and opinion from top sources around the globe, curated by our keen-eyed team of editors
  • Your choice of weekly region-specific newsletters, delivered to your inbox.
  • Smartphone- and tablet-friendly website.
  • Completely ad-free reading.

And all of this is available to you when you subscribe today.

More World Politics Review