Chinese Officials Join US Politicians In Suddenly Falling Out Of Love With Big Tech
PYMNTS
DECEMBER 28, 2020
Recent regulatory crackdowns on Ant Group, Alibaba and Tencent show that China’s former tech darlings have run afoul with all-powerful political and regulatory regime in China. Reuters quoted Ant as saying in a statement that it would establish a “rectification” working group and fully implement the government’s requirements.
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