Has technology companies in China exceeded the stage of government suppression?

China has worked for almost two years to limit the most powerful private technology companies in the country, including the ‘Ali Baba Group’ group, ‘Tenninente Holdings’ and ‘Dada Global’, and to limit its wealthy founders. But since 2023, the Government of President Xi Jinping has alleviated its strict measures and indicated that it is still looking at the technological sector of trillion dollars as an important part of the country’s economy. However, major technology companies are still suffering from stagnation because they are struggling to achieve growth rates of more than 10% by their investments in new technologies or their efforts to expand their business abroad in search of new customers. While the authorities claim that they will not tolerate absolute freedom, rapid prosperity or ‘luxury’ lifestyle of some technology billionaires and their followers as before, they see that the future of Chinese technology lies in the important industries for its geopolitical conflict with the United States, such as artificial intelligence and semi -guiders, not video games and electronic markets. How did the suppression campaign end? In 2022, the regulatory authorities resumed the issuing of licenses for video games for ‘just’ and ‘just’, another giant business on the internet in 2022. It also allowed Didi, a pioneer in participating transport services, in January 2023 to add new users for the first time since the applications were banned in 2021, after being admitted to the New York Stock Exchange without Beijing’s permission. Then, in July 2023, these parties imposed a $ 1 billion fine on the company “Ant Group”, which is affiliated with billionaire Jack Ma, the founder of the financial technology company “Ali Baba”, which ended a three -year investigation. This investigation was the starting point of the government’s campaign to control the most influential technology companies in the country and to combat the influence of wealthy entrepreneurs. A few days later, the country responsibility in the country published a statement asked to revive the private sector, which was quickly supported by Bonnie Ma, co -founder of “Tinette”, and his counterpart Lee John. ‘Ali Baba’ announced in November last year that it had withdrawn its plan to divide the company into six separate and largely independent parts, a move that would achieve the purpose of Beijing, which would reduce the size of the technology giant. What happened this year? Beijing authorities have made additional statements to support the private companies and the technological sector. In August 2024, the anti -monopoly organization authority announced that “Ali Baba” abandoned its alleged monopolistic practices. This was followed by issuing ‘Ali Baba’ a statement in September, during which it will be made that it will allow hundreds of millions of buyers to use the ‘WeChat Pay’ service from ‘Tinten’ on payment, which they could access the best known electronic pay services in China for the first time. This decision removed one of the last major obstacles between the competitive business environments online, which has been the subject of state criticism over the years. Can technology giants in China restore their conquest? No, no, especially because maintaining social stability and iron fist on the economy are two main goals for the ruling Communist Party, and that probably won’t change soon. Analysts and investors believe that the regulators, although cruel, have succeeded in taking their supervisory authority again, and to limit the pride of the technological sector billionaires and its impact on society. Many Beijing’s concerns are related to hundreds of millions of users who are still dependent on “Ali baby” to shop, “Tenning” for social communication and lifestyle, and “ant” for payments and financing. All of this activity provides large amounts of data that in turn improves these platforms. Beijing has sharpened its grip on these companies and made it clear that any new initiatives should be compatible with their priorities, and that means more research on advanced technology such as artificial intelligence, woolly computing and semi -advanced compounds at the expense of direct broadcasting applications. Therefore, the announcement of all major Chinese technology companies, which starts from ‘Baidu’ to ‘tennis’, is to develop their efforts to develop artificial intelligence models that develop competitive (or better), ‘chat BT’ provided by ‘Openai’, not a coincidence, but rather a mix of commercial and political work needed in the light of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature of the nature. Where are the red lines? There are various clear red lines, as it prevails in the unbridled investment and fiercely competitive practices that distinguished most of the sector before 2021, from participating transport applications to food and E -trade. The regulatory authorities have also taken unique proactive steps to provide control over modern technologies, from deep forgery techniques to obstetrician artificial intelligence. The cyber security administration also took data and national security as an important excuse to investigate the company “Didi”, and now a periodic overview of data security is being imposed on all major companies that want to include their shares abroad. More wide, the President XI administration is blamed for partially social gaps on the internet boom, especially in the era of the pandemic of the Corona, and it is addressing any general dissatisfaction that could threaten his authority. This led to the launch of the ‘Joint Wealth’ program, which directs the activities of many of the sector leaders, which have undertaken to better treat their employees and donate billions of dollars to charity works. As a result, the ban on wealth or damage to competitors still prohibits it, either by unintended prices or forcing traders on exclusive transactions, which is an important aspect of anti -monopoly investigations. Did businesses regain their previous levels before the oppression? It looks unlikely. Prior to the year 2020, Beijing’s light policy towards the technological sector led to the rise of billionaires and giant businesses at an incredible rate, to the point that some compared it to the Silicon Valley. The total market value of the companies “Ali Baba”, “Tinetnet” and “Ant” more than one trillion dollar in that year, through the ease of the state giants owned, such as the Industrial Bank of China, to become the most valuable company in the country. However, the height that printed the “Hanging Tech” index in Hong Kong, a measure of the largest Chinese continental businesses, has begun at the highest level since the founding in the collapse during February 2021, which at that time eradicated more than one trillion dollars from the market value of the businesses. ‘Ali Baba’ has lost more than $ 600 billion from its market value since the start of the anti -monopoly campaign in 2020, while ‘Tenning’ has lost $ 500 billion since January 2021. This has recovered from their lowest levels in 2022, but they are still much lower than their previous peaks. What happened to technology billionaires in China? Some, such as Bonnie Mai John, the head of Xiaomi, publicly defended the new Beijing position. As for Jack Ma, he left the rights to control the company “Ant” and move away from the spotlight, while a memorandum was formulated in November 2023 as a reference to his gradual return to public life. Many of his fellow billionaires, including Zhang Yi Ming, the founder of “Byteedance” and PDD Holdings, also entered their active roles in their businesses. Huang soon became the richest person in China, emphasizing the retreat of characters such as Jack Ma.