Traders work on the New York Stock Exchange floor during the IPO for Chinese ride-hailing company Didi Global Inc on June 30. Didi is just one of the many Chinese tech companies caught up in Beijing’s crackdown on Big Tech. Photo: Reuters Traders work on the New York Stock Exchange floor during the IPO for Chinese ride-hailing company Didi Global Inc on June 30. Didi is just one of the many Chinese tech companies caught up in Beijing’s crackdown on Big Tech. Photo: Reuters
Traders work on the New York Stock Exchange floor during the IPO for Chinese ride-hailing company Didi Global Inc on June 30. Didi is just one of the many Chinese tech companies caught up in Beijing’s crackdown on Big Tech. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Investor reactions to China’s Big Tech crackdown smack of double standards

  • Billions of dollars have been wiped off the equity market value of Chinese tech firms in recent weeks in reaction to Beijing’s regulatory changes
  • Yet, markets have shrugged off US President Joe Biden’s executive order cracking down on anticompetitive practices in tech

Traders work on the New York Stock Exchange floor during the IPO for Chinese ride-hailing company Didi Global Inc on June 30. Didi is just one of the many Chinese tech companies caught up in Beijing’s crackdown on Big Tech. Photo: Reuters Traders work on the New York Stock Exchange floor during the IPO for Chinese ride-hailing company Didi Global Inc on June 30. Didi is just one of the many Chinese tech companies caught up in Beijing’s crackdown on Big Tech. Photo: Reuters
Traders work on the New York Stock Exchange floor during the IPO for Chinese ride-hailing company Didi Global Inc on June 30. Didi is just one of the many Chinese tech companies caught up in Beijing’s crackdown on Big Tech. Photo: Reuters
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