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china tech crackdown – XtremeCuztoms

Tag: china tech crackdown

Tencent Reports Smallest Quarterly Revenue Growth in 18 years

March 29, 2022
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China’s Tencent Holdings has reported its smallest quarterly revenue growth in 18 years amid Beijing’s regulatory clampdown on big tech firms. The company recently released its Q4 and full-year financial reports for 2021. Its Q4 revenue increased 8 percent year-on-year, the slowest growth since the company went public in 2004. Its non-IFRS net profit in…

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Riley Walters: Chinese Tech Companies Getting ‘The Heavy Hand’ From Beijing

August 12, 2021
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The Chinese Communist Party is reining in its tech companies. But is it for control, finance, or politics? We speak with Riley Walters, deputy director of the Japan Chair at the Hudson Institute. He is an expert on macroeconomics. We learn more about the reason why Chinese leader Xi Jinping and his government would want…

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