Tech Crackdown News • China.Table

Alibaba splits itself into six independent business units. The company wants to become more attractive, especially to investors. Above all, the new subsidiaries are meant to better adapt to new situations than the old mega-company. Because the time of simple growth is over. continue reading →

Jack Ma fully completes his retirement from Alibaba and prefers to spend his time traveling or on his luxury yacht. Xi Jinping brought the economy to heel – and will continue to hold the reins ever tighter in the future. That should give German investors something to think about. continue reading →

Jack Ma will relinquish control of Ant Financial, the financial services company he founded. This was announced by Ant Group in a statement on Saturday. The 58-year-old multi-billionaire and founder of the e-commerce platform Alibaba last held only ten percent of the shares in Ant Financial but still had over half of the voting rights. […] continue reading →

Alibaba’s financial division was released from the clutches of China’s regulators. A key subsidiary of Ant Group received the long-hoped-for approval for a capital increase at the end of the year. That gives investors new hope that Ant’s IPO will get another chance. The government halted the planned IPO in November 2020 and has since […] continue reading →

Alibaba founder Jack Ma wants to hand over control of the financial conglomerate Ant Group. This will likely appease Beijing, which abruptly halted Ant's stock market goals two years ago. continue reading →

For many China observers, antitrust actions largely seem to be a regulatory instrument for the Chinese government to crack down on overly powerful tech giants like Alibaba. However, China’s anti-monopoly regulation overall has become much more powerful and sophisticated, reaching well beyond internet companies. China’s government is forcefully moving against monopolistic structures in many consumer-oriented sectors. continue reading →

The number of apps in Chinese app stores has declined by 38.5 percent in the last three years. This is shown by figures from the Chinese Ministry of Industry and Information Technology (MIIT). According to the figures, around 4.52 million apps were still available for download at the end of 2018. By October 2021, the […] continue reading →

Hardly anyone in Germany understands China's economy as well as Doris Fischer from the Julius-Maximilian-Universität of Würzburg. In China.Table, she explains why bad news in individual sectors does not immediately mean that growth will collapse. Unlike other experts, she cannot identify the country's foreclosure. The interview was conducted by Felix Lee. continue reading →

Supply bottlenecks, widespread power outages, tech companies under pressure, the real estate sector deep in crisis – the world's second-largest economy is currently experiencing a multitude of problems. Many of them are homemade and can be traced back to the government's lust for control. For President Xi, control is essentially more important than growth. But where does he draw the line? continue reading →

The Chinese judiciary and government are currently driving the development of Chinese labour law decisively forward. In doing so, they are responding to high levels of dissatisfaction among many workers and day laborers who suffer from unregulated working hours. In doing so, however, they are depriving numerous digital companies of the basis for their business: these had relied on the availability of cheap, flexible labour to be able to offer their services quickly and cheaply at a high profit. continue reading →

New troubles for China’s billion-dollar app industry: regulators have indefinitely suspended issuing new sales permits for online games. The media regulator also called on managers of companies such as Tencent and Neteasy at a meeting to stop “solely fixating on profit” and to help counter what it claimed was widespread video game addiction. This was […] continue reading →

China’s Vice President Liu He has pledged the government’s support for the private sector. The growth of the private sector will continue to be vigorously supported as it plays an important role in stabilizing employment, adjusting the economic structure and promoting innovation, Liu He said on Monday at the opening ceremony of the China 2021 […] continue reading →

The popular Chinese delivery service Meituan is facing new trouble. The State Administration for Market Regulation (SAMR) has launched another investigation against the company. This time on the acquisition of the bike-sharing provider Mobike, which, according to SAMR, had not been registered with authorities. SAMR opened investigations by announcing plans to further strengthen the regulation […] continue reading →

China has bought into ByteDance, the publisher of the video app TikTok – with now presumably far-reaching veto power. The debate over the influence of the Chinese leadership over the popular app is now likely to flare up again. continue reading →

The recent campaign by the Chinese leadership against its tech companies (as reported by China.Table) at least seemed to have hardly any effect on its biggest player. Notwithstanding the increasing regulatory pressure, Tencent was able to significantly increase profits in the second quarter. Net income climbed by 29 percent to 42.6 billion yuan (5.6 billion […] continue reading →

The State Administration for Market Regulation (SAMR) has published a draft for a new regulation prohibiting unfair competition on the Internet, 禁止网络不正当竞争行为规定. It requested the public and affected industries to comment on the draft. The main purpose of the law package is to ensure better data protection. SAMR is accepting comments on the regulations until […] continue reading →

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