The Chinese Communist Party or the CCP continues to crack down on Chinese tech firms. In contrast to the US where lots of people believe that big tech is in charge. And there is little or no restrictions on their power.
With the success of ByteDance (TikTok) and the NY IPO listing of DiDi, the Chinese Uber, seems to be heightening the geopolitical temperatures. And it wasn’t a total surprise when the CCP announced they were limiting the taxi app.
The claim is that DiDi abuses customers’ data. And they were also cited for listing in the US. Authorities are banning downloads across Chinese app stores. And this resulted in sinking its value.
The Chinese government also recently went after Alibaba and Ant Financial. So Big Tech is rising in China but remains under the thumb of the CCP. Whereas, in America, the tech billionaires like Zuckerberg, Bezos, and Jack Dorsey are viewed as having unprecedented power.
Zuckerberg image contrasts with CCP
Mark Zuckerberg posted a video of himself on Instagram wakeboarding while holding an American flag and set to the music of the late John Denver singing “Take Me Home, Country Roads.”
I saw it, so now you have to see it too. I’m sorry. I did not make the rules.
Happy #July4th pic.twitter.com/FiA9RDP29Z
— Leah McElrath 🏳️🌈 (@leahmcelrath) July 4, 2021