Friday, 3rd May 2024
To guardian.ng
Search

China tech crackdown spooks global investors

Alibaba's Jack Ma was the first to be targeted by Beijing's crackdown on private enterprise. Now ride-hailing, streaming, delivery and tuition firms have run foul of authorities and investors are nursing heavy losses.

 

In this article

0 Comments

Your email address will not be published. Required fields are marked *

Related

27 Apr
At this year's Hannover Messe trade fair, it seems obvious that major industrial innovations are no longer possible without China. While exhibitors from China exude optimism, lobby groups plead for pragmatism.
3 days ago
The Chinese fast-fashion online retailer is now subject to EU rules as a "very large online platform," joining tech firms including Apple, Amazon and Microsoft. The rules include measures to protect online users.
2 days ago
The Philippine Coast Guard alleged China had aimed water cannons at its ship, "directly hitting the starboard astern of the BFAR vessel." The incident occurred in the Scarborough Shoal, which China seized in 2012.
3 days ago
Tesla's shares surged after the EV maker won tentative approval to deploy its Full Self-Driving system in China, as Elon Musk met high-ranking officials on a surprise visit to Beijing. Plus, the French state has offered to buy key assets from troubled IT giant Atos, to protect national interests.
1 day ago
Bengaluru is running out of drinking water, with an estimated daily deficit of 500 million liters. The shortages have become a hot-button political issue during the 2024 election.
1 day ago
China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.