Pony.ai has reportedly put on hold plans to go public on Wall Street after it failed to gain assurances from Beijing that it would not become a target of a crackdown against Chinese technology companies.
A rout in Chinese shares in the crosshairs of Beijing’s regulatory crackdown extended into the bond and currency markets on Tuesday as unverified rumours swirled that US funds are offloading China and Hong Kong assets.
China’s investigation of Didi Global and the company’s forced removal from app stores reflects the authorities’ desire to control access to the vast stores of data held by its tech giants.
A court ruling in the US might appear to be a blow to the drive to break up Big Tech. Instead,it might lead to a far graver threat to the likes of Facebook,Google,Amazon and Apple.
Google faces a sweeping European Union probe into its advertising technology,a move that strikes at the heart of the tech giant’s business model.
In 2014,Apple hired Doug Guthrie to help navigate perhaps its most important market. By then,he was worried about China’s new direction.
Observing the resources and reach at tech titans’ disposal,we might reasonably ask if Google and co can do more to benefit society.
Paul Romer was once Silicon Valley’s favourite economist. Not anymore.
China had a big role to play as Apple built the world’s most valuable business. Now it has to answer to the Chinese government.
It took just 28 Chinese characters on an obscure social media platform to ignite a controversy that’s rattled the country’s tech industry and sparked speculation about gig-economy tycoon Wang Xing’s fate.
Under pressure from authorities,China’s internet companies are kowtowing to Beijing and trying to make their rivals look bad.