China didn’t look like China: For years, the growth of some technology companies – Alibaba, Tencent, Baidu among others – has been promoted, which seemed to be a reflection of the ‘big tech’ in the United States. Turns out they weren’t.
This is what the Chinese government has made clear lately, that has wanted to stop almost all of its large technology companies. After all, China was still the old China, and it has demonstrated this with a series of measures that endanger the future of its technology industry.
To talk about what has happened in China in this area we have today in ‘Clear the X’ a Andrés P. Mohorte (@mohorte), Magnet director, already a server, Javier Pastor (@javipas), editor at Engadget. The production is as always in charge of Saints Araújo (@santiaraujo).
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China nobody gets on the hump
Everything seemed rosy for companies like Alibaba, which were the reflection of Amazon’s success and which were accompanied by other giants such as Tencent, Baidu, Meitu, Xiaomi or Bytedance. They all believed they could go their own way, but the Xi Jinping government has made things clear to them.
There have been several decisions that have significantly limited the room for maneuver of these companies. Some have had their wings clipped and their IPO prevented (Jack Ma’s Ant has been the biggest loser), and others have been fined.
In China they don’t want to hear about “distraction technology”, and they are taking all kinds of measures to prevent, for example, being able to play freely online in addition to limiting the launch of new games.
Chinese rulers end entering boards of directors of tech companies by force, and in this crusade for “common prosperity” there are many other measures such as those that have been taken to control the fandom movement or those aimed at solving its supposed crisis of masculinity.
All of these moves pose a complicated future for Chinese tech companies, which have recently announced multimillion dollar investments in that common prosperity and it looks like they will have to operate. with many eyes on what the Xi Jinping government may or may not say.
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