Beijing’s crackdown on the sector, followed by recent huge investments in AI and other areas, are part of a long pattern of shifts in the way the government has approached tech development.
Visitor look at a display of "Chinese-made Chips" during the World AI Conference & High-Level Meeting on Global AI Governance, held in Shanghai, China, July 4, 2024. Credit: VCG via AP Images
Jack Ma’s fintech giant, Ant Group, had its initial public offering blocked after he publicly challenged government regulatory currents. Ride-hailing industry leader DiDi was hit with an investigation that would lead to $1.2 billion in fines, and its IPO in New York was ultimately reversed. Whole industries — online tutoring and mobile gaming — were banned out of existence or frozen in place by regulatory fiat. The future suddenly became uncertain for online delivery companies like Meituan
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
Can a central bank digital currency work? China was the first major economy to launch one and, despite several setbacks, is starting to see the digital yuan take off.
The journalist-turned-lawmaker talks about her book on four women coming of age in modern China, the end of optimism for the younger generations, and being the first Chinese-born British MP.
September 17th: Strategies for Identifying Military End Users
