China curbs political control of internet giants in bid to cut its reliance on West

The ruling Communist Party is tightening political control over China’s internet giants and tapping their wealth to pay for its ambitions to reduce reliance on US and European technology. Anti-monopoly and data security crackdowns starting in late 2020 have shaken the industry, which flourished for two decades with little regulation.

source https://timesofindia.indiatimes.com/world/china/china-curbs-political-control-of-internet-giants-in-bid-to-cut-its-reliance-on-west/articleshow/86742417.cms