China’s campaign to rein in its giant internet industry is entering its 10th month, a roller-coaster ordeal that’s prompting nervous investors to ponder the longer-term ramifications of a crackdown on firms from Jack Ma’s Ant Group Co. and Alibaba to food delivery giant Meituan. Xi Jinping’s government is trying to strike a delicate balance between reining in the power of China’s tech giants without inflicting serious damage on a critical sector that has bolstered economic growth. But last month’s actions demonstrated Beijing’s resolve to go after private enterprises to address social inequities, seize control of data, and rein in powerful interests. What is your thoughts on this ?
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