Tencent Holdings headquarters in Shenzhen on October 12. Tencent imposed a rare ban on more than 1,000 WeChat accounts after China kicked off a two-month crackdown on commercial platforms and social media accounts posting financial information that’s deemed harmful to its economy. Photo: Bloomberg
Opinion
Opinion
Macroscope
As US tech bubble grows, China’s crackdown looks less like madness and more like method
- Seen against the tech tycoon worship in the West steering market capital into glitzy stocks instead of real economy needs, creating a ‘cult of the equity’, Beijing’s crackdown looks more pragmatic than ideological
Tencent Holdings headquarters in Shenzhen on October 12. Tencent imposed a rare ban on more than 1,000 WeChat accounts after China kicked off a two-month crackdown on commercial platforms and social media accounts posting financial information that’s deemed harmful to its economy. Photo: Bloomberg
