China is trying to strike a conciliatory tone after a nearly year-long regulatory crackdown on the tech industry has dampened market enthusiasm. Photo: Reuters
China is trying to strike a conciliatory tone after a nearly year-long regulatory crackdown on the tech industry has dampened market enthusiasm. Photo: Reuters
Alibaba

Xinhua: China needs Big Tech to grow but companies should avoid ‘winner takes all’

  • A commentary by the official Xinhua news agency urged tech giants to refrain from taking advantage of smaller businesses
  • Beijing seeks to strike a balance between regulating and promoting the country’s tech industry, as authorities shore up confidence after a regulatory crackdown

China is trying to strike a conciliatory tone after a nearly year-long regulatory crackdown on the tech industry has dampened market enthusiasm. Photo: Reuters
China is trying to strike a conciliatory tone after a nearly year-long regulatory crackdown on the tech industry has dampened market enthusiasm. Photo: Reuters
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