Alibaba is reassigning roles to four of its executives in one of the biggest reshuffles in its recent history, the company announced on Monday morning. Maggie Wu, the e-commerce titan’s former chief financial officer, will step down next April and be replaced by Toby Xu, current deputy CFO. Wu will continue to be a partner […]
The rapidly changing investor calculus on China’s tech giants
As wave after wave of regulatory crackdowns have dominated China tech news in 2021, one can be excused for losing track of what is being regulated, who is doing the regulating, and what exactly the regulations are. From fintech to data management to education, the rules of the game are being re-written by a range […]
China Roundup: Beijing is tearing down the digital ‘walled gardens’
Hello and welcome back to TechCrunch’s China roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, China gets serious about breaking down the walled gardens that its internet giants have formed for decades. Two major funding rounds were announced, […]
The party’s over: China clamps down on its tech billionaires
The startling rise to wealth of the nation’s entrepreneurs has been an affront to Beijing’s political philosophy and increasingly, a threat to the communist partyIn a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, rec…
China’s regulatory crackdown is good news for startups aligned with CCP goals
Things are changing in China, and the regulatory landscape of tech work in the country won’t be the same from here on out.