China crackdown cuts Big Tech down to size

Tighter regulations, billions in lost overseas share value and government pledges to get even tougher — Chinese tech giants are reeling under what looks like a sustained Big Brother assault on innovation and enterprise. But there’s a reason why the escalating crackdown is largely drawing shrugs from Chinese consumers: it is widely seen as necessary. […]

from Daily Times https://ift.tt/2OYBKBP