Business Standard

China vows 'no mercy' in battle against corruption, Big Tech

CCP anti-graft group says govt will break the link between money and power

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Photo: Reuters

China has vowed to curb the influence of technology companies and root out corruption tied to the ‘disorderly’ expansion of capital In a sweeping communique following the plenary session of the Chinese Communist Party’s (CCP) top anti-graft group, the government said it would break the ties between money and power, and tackle corruption in a range of industries.
It means the government isn’t finished with a regulatory onslaught that upended industries from e-commerce to education and ride-hailing last year. They also served as a warning for CCP officials.
Alibaba Group Holding. took a hit on Friday, falling 3.4

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First Published: Jan 22 2022 | 1:11 AM IST

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