2022-07-14
“The new direction didn't take off until early June, when clips of one of the company's former tutors, Dong Yuhui, teaching English expressions on a white board while promoting steaks and cod fish went viral on Chinese social media.” https://www.wsj.com/... via @WSJ
Wall Street Journal
New Oriental, one of China's largest private-tutoring companies, reinvents itself as a livestream grocery service on Douyin, after China's regulatory crackdown
2021-07-05
Didi's removal drives home the point @Lingling_Wei made earlier: “China's leaders worry that the country's tech giants could be using their extensive personal and corporate digital records to build alternative power centers in the one-party state” https://www.wsj.com/... via @WSJ
Bloomberg
Just days after Didi's NYSE debut, Chinese regulators mandate app stores ban Didi Chuxing app, alleging violations in its collection and usage of personal info
- Internet watchdog asks operators to remove ride-hailing app — The surprise ban comes days after Didi's New York debut
2021-04-19
Someone really should write a big picture think piece comparing Beijing's moves against Jack Ma with: a) China's efforts in 1950s to first control, and then nationalize, private firms b) Russia's 2003 crackdown on Mikhail Khodorkovsky & his Yukos empire https://reuters.com/...
Reuters
Sources: Ant Group is exploring options for founder Jack Ma to divest his stake and give up control to appease Chinese regulators
2020-12-25
Beijing moves on China's most well-known private entrepreneur, Jack Ma. Shades of China in the 1950s (and perhaps Russia in the early 2000s). Clearly intended to demonstrate the Party's power over everyone, everywhere in China. https://www.nytimes.com/...
Financial Times
China's market regulator announces an antitrust investigation into Alibaba for alleged monopolistic practices, the first investigation of its kind in China
the man most closely identified w/ the meteoric rise of China Inc.—was advised by the government to stay in the country... https://www.bloomberg.com/... @luluyilun & @cocojournalis...
2020-12-21
‘You can take any of the platforms Ant has, as long as the country needs it.’ Ma seems to be taking the hint from Xi Jinping's invocation of 1950s “patriotic entrepreneurs” like Rong Yiren - capitalists who turned their firms over to the state. https://www.wsj.com/... via @WSJ
Wall Street Journal