Beautiful Virgin Islands

Monday, Sep 01, 2025

China's Xi Jinping warns of tech crackdown, Alibaba pulled from app stores

China's Xi Jinping warns of tech crackdown, Alibaba pulled from app stores

CCP officials on Monday warned of tech giants 'growing in an inappropriate manner'

Chinese companies are pulling tech giant Alibaba's search engine from their platforms after President Xi Jinping warned of a tech crackdown in the country, according to reports.

The action comes after China in November pulled the record $37 billion initial public offering of Alibaba's financial-technology affiliate Ant Group after facing regulatory scrutiny, The Financial Times reported.

It also comes after Chinese state media company CCTV criticized Alibaba for displaying medical ads from untrustworthy sources, according to Reuters, but experts say neither its e-commerce dominance nor its misleading ads led to China's crackdown on the company.

"The real reason behind the crackdown is ... the conglomerate's growing influence in various aspects of Chinese people’s lives," Weifeng Zhong, senior research fellow at the Mercatus Center at George Mason University, told FOX Business.


He added: "Being able to influence and command a large population is the most critical monopoly power of the Chinese government, and any challenge to that, even if unintended, won't be tolerated. This is also why Li Ka-shing, Hong Kong's richest man, has been divesting his various businesses from China even before Beijing heavy-handedly intervened in Hong Kong's system."

Chinese Communist Party leadership said during a Monday meeting that some tech companies "are growing in an inappropriate manner and therefore bear risks," according to The Guardian. "It is a considerable problem that the current regulatory regime has failed to adjust."

Alibaba did not immediately respond to an inquiry from FOX Business.

The tech giant, often referred to as China's Amazon, owns a greater share of China's e-commerce market than Amazon's share of the U.S. e-commerce market. The CCP is apparently considering fining Alibaba $975 million over anticompetitive practices, eyeing its tech and media acquisitions over the past several years, The Guardian reported.

China’s market regulator last December fined Alibaba and other companies for not seeking approval over several deals.


The company told The Guardian in a statement that "the purpose" of such investments "is to provide technology support for their business upgrade and drive commercial synergies with core commerce business."

"We do not intervene or get involved in the companies’ day-to-day operations or editorial decisions," the company said.

China in February released anti-monopoly guidelines aimed at clamping down on anti-competitive practices in the internet industry, such as signing exclusive agreements with merchants and the use of subsidies to squeeze out competitors.

The country has banned a number of U.S.-based tech giants like Google and Facebook and is now grappling with the expansion of Chinese tech companies seeing huge success within their home country.

Last week, China’s market regulator said that it fined a dozen companies, including games company Tencent Holdings and Chinese search engine firm Baidu Inc., for not disclosing past deals as authorities step up anti-monopoly scrutiny in the internet sector.

The companies were fined $77,000 each for not disclosing previous investments, acquisitions or joint ventures, according to a statement by China’s State Administration for Market Regulation.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Chinese and Indian Leaders Pursue Amity Amid Global Shifts
European Union Plans for Ukraine Deployment
ECB Warns Against Inflation Complacency
Concerns Over North Cyprus Casino Development
Shipping Companies Look Beyond Chinese Finance
Rural Exodus Fueling European Wildfires
China Hosts Major Security Meeting
Chinese Police Successfully Recover Family's Savings from Livestream Purchases
Germany Marks a Decade Since Migrant Wave with Divisions, Success Stories, and Political Shifts
Liverpool Defeat Arsenal 1–0 with Szoboszlai Free-Kick to Stay Top of Premier League
Prince Harry and King Charles to Meet in First Reunion After 20 Months
Chinese Stock Market Rally Fueled by Domestic Investors
Israeli Airstrike in Yemen Kills Houthi Prime Minister
Ukrainian Nationalist Politician Andriy Parubiy Assassinated in Lviv
Corporate America Cuts Middle Management as Bosses Take On Triple the Workload
Parents Sue OpenAI After Teen’s Death, Alleging ChatGPT Encouraged Suicide
Amazon Faces Lawsuit Over 'Buy' Label on Digital Streaming Content
Federal Reserve Independence Questioned Amid Trump’s Push to Reshape Central Bank
British Politics Faces Tumultuous Autumn After Summer of Rebellions and Rising Farage Momentum
US Appeals Court Rules Against Most Trump-Era Tariffs
UK Sought Broad Access to Apple Users’ Data, Court Filing Reveals
UK Bank Shares Dive Over Potential Tax on Sector
Germany’s Auto Industry Sheds 51,500 Jobs in First Half of 2025 Amid Deepening Crisis
Bruce Willis Relocated Due to Advanced Dementia
French and Korean Nuclear Majors Clash As EU Launches Foreign Subsidy Probe
EU Stands Firm on Digital Rules as Trump Warns of Retaliation
Getting Ready for the 3rd Time in Its History, Germany Approves Voluntary Military Service for Teenagers
Argentine President Javier Milei Evacuated After Stones Thrown During Campaign Event
Denmark Confronts U.S. Diplomat Over Covert Trump-Linked Influence in Greenland
Starmer Should Back Away from ECHR, Says Jack Straw
Trump Demands RICO Charges Against George Soros and Son for Funding Violent Protests
Taylor Swift Announces Engagement to NFL Star Travis Kelce
France May Need IMF Bailout, Warns Finance Minister
Chinese AI Chipmaker Cambricon Posts Record Profit as Beijing Pushes Pivot from Nvidia
After the Shock of Defeat, Iranians Yearn for Change
Ukraine Finally Allows Young Men Aged Eighteen to Twenty-Two to Leave the Country
The Porn Remains, Privacy Disappears: How Britain Broke the Internet in Ten Days
YouTube Altered Content by Artificial Intelligence – Without Permission
Welcome to The Definition of Insanity: Germany Edition
Just a reminder, this is Michael Jackson's daughter, Paris.
Spotify’s Strange Move: The Feature Nobody Asked For – Returns
Manhunt in Australia: Armed Anti-Government Suspect Kills Police Officers Sent to Arrest Him
China Launches World’s Most Powerful Neutrino Detector
How Beijing-Linked Networks Shape Elections in New York City
Ukrainian Refugee Iryna Zarutska Fled War To US, Stabbed To Death
Elon Musk Sues Apple and OpenAI Over Alleged App Store Monopoly
2 Australian Police Shot Dead In Encounter In Rural Victoria State
Vietnam Evacuates Hundreds of Thousands as Typhoon Kajiki Strikes; China’s Sanya Shuts Down
UK Government Delays Decision on China’s Proposed London Embassy Amid Concerns Over Redacted Plans
A 150-Year Tradition to Be Abolished? Uproar Over the Popular Central Park Attraction
×