China’s issues further orders to tech firms including Alibaba, Tencent, ByteDance, Baidu


China’s crackdown on the tech industry continues, China’s industry ministry with new directives for the sector. 

  • has told technology companies such as Alibaba Group and Tencent to stop blocking each other’s website links from their platforms

Reuters conveying the information from Chinese media on Satuday, the 21st Century Business Herald.

  • newspaper citing unnamed sources
  • Ministry of Industry and Information Technology weighing in on instant messaging services, telling them all platforms must be unblocked by a certain time
  • ministry said it may resort to other measures if the firms did not comply

I posted on Friday that the following the initial response of Chinese equity markets to the crackdown(s) markets have bounced back:

See also  Russell 2000 Extends Gains but Bullish Momentum Could Begin to Fade Soon

Xi in the limelight, I haven’t heard much from Premier Li Keqiang lately:

Invest in yourself. See our forex education hub.

Read More…