How China is tightening control of its tech companies | Business Beyond

The Chinese government is tightening its regulatory grip around its tech titans - most famously, for Alibaba and its charismatic founder Jack Ma. That’s after more than twenty years of transforming the country’s digital economy. After years of little scrutiny - why is Beijing looking so closely now? And why should the rest of the world care?

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[theredbar-cross]

China: State owned corporations
Western world: Corporations owned state

[georgegannon]

In China, companies actually have to obey the law and obey the government, as opposed to countries like the US, where corporations CONTROL the government.

[yqisq]

No no no average Chinese people have no love for Jack Ma. They respect him for his success and aspire for it. No more no less. Btw daddy is an internet slang for referring to anyone who is rich.

[vanxz]

Actually, we common Chinese are glad to see the giant companies to be controlled. Otherwise the whole nation would be controlled by capital.
We call this "put tiger into cage"

[obsidianstatue]

If you're going to lend like a bank, then follow the rules and regulations for banks. Simple.

[powerrising]

I still remember the "Gamestop"issue. when the citizens can earn, the big companies forbid you? to sell in Robin Hood

[starsun]

The reason is simple. If you want to have the Business and earn the money like a bank, you will also be treated by authority like a bank.

[favourall]

Am From Nigeria, I sincerely don't Understand why DW is an Anti- China consider That China is Germany Largest Trading Partner 🤷

[keungpang]

Jack ma forgot that he run alibaba group and does not dictate government policy. China is not USA. where businessmen runs the county.

[newerfor]

I highly doubt Jack Ma was on such a high statue among middle income Chinese families, especially after he spearheaded the 996 slogan.

[edenli]

If any company that functions like a bank in its natural of business, no matter what it calls itself, imo it should be regulated the same way as banks not tech companies.

[raymond]

When big companies in western countries can "donate" whole government

[woodhardchang]

In fact, I want to tell you that China's socialism refuses to allow capital to overstep the authority. When Ma Yun wants to intervene in politics, he loses power. This is different from your capitalist society. In capital society, capitalists have the right to speak, and the working class will only be exploited

[sundayyusufdatun]

nice video, P_tech has shown me the better way of trading, I am blessed coming across her contact, her strategies are recommendable

[binmo]

Germany open to Google Facebook etc. and enjoy democracy watching from USA🤗🤗

[Etroif]

Although I don't like overbearing government, overbearing corporations also cause damage!

[awang]

aka How DW is doubling down on an epic level anti - China campaign. Keep up the good work DW, definitely on the track to become one of the most hilarious media

[xufengliu]

The Chinese government provides various subsidies to Internet companies because the government hopes that these Chinese companies can become drivers of technological innovation in the Internet age. However, the development of these Internet companies in the virtual industry is not satisfactory, not only lacks technological innovation, but also produces a monopoly which has an adverse effect on China's financial and virtual industries. This is where the Chinese government is most dissatisfied with these companies.

[javamud]

Where is the episode of “ Korean and USA corporate leader pressure Korean government to pardon Samsung heir”.

[ianduncanm.]

there is much to be admired in this new regulation in China. I'm a small Australian investor (I have shares in BABA, FB and Appl). But the FAANG companies in the west (and more) get away with paying very small amounts of tax, stopping start-ups and innovation because they are monopolies.

So the regulation might stop investment bubbles and companies and a few billionaires becoming too rich. Its healthy and just shows the lack of regulation in the west.