China’s Crackdown on Big Tech

Alibaba, Tencent, Baidu, and Meituan have all used variable interest entities to dodge rules on capital activity.

Alibaba and its affiliate Ant Group are now in the crosshairs of China’s antitrust initiative targeting tech giants. But media are reading the trustbusting, faithfully, wrong.

Tech giants feel a new chill with heightened scrutiny on monopolistic practices.

Companies like Alibaba and Meituan use exclusivity agreements and “monopoly clauses” to box in merchants and hobble competitors. That may change soon.

Beijing asserts more control over internet companies with new anti-monopoly rules.

China’s tech giants feel the chill of a tighter regulatory environment.