Analysis | What Is Behind China’s Crackdown on Its Tech Giants: QuickTake – The Washington Post

Not Ant, it seems. It agreed with regulators on a restructuring plan Which will flip it Proper into a monetary holding agency, making it topic to capital requirements Simply like these for banks. After the $2.8 billion nice, Alibaba executives said they have been unaware of One other antitrust investigations. However, The federal authorities was said to want it to promote some media belongings, collectively with the South China Morning Submit, As a Outcome of of considerations Regarding The agency’s affect over public opinion. General, authorities in Beijing are anticipated to tread cautiously, Making an try to rein Inside the rising clout of the tech giants with out undermining A pair of of the nation’s largest agency success tales.