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The China’s Clampdown, Expect Acquisitions of African Startups By Chinese Firms; Alibaba Could Acquire Jumia

August 20, 2021
Source: tekedia.com tekedia.com
News Snapshot:
There is a huge paralysis in the world of Chinese technology: the government is unleashing high voltage searchlights on the operations of the companies. Just last month alone, the assaults wiped more than $1 trillion on the market caps of these companies: “Alibaba shares hit a record low on Thursday in Hong Kong, as the Chinese tech industry grapples with another wave of regulation in an increasingly broad crackdown from the government. This time, the drop came after the government said it was looking at expanding rights for drivers for online giants and increasing oversight of live streaming. The impact...
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