BEIJING (WNN) – The ruling Communist Party is tightening political control over China’s internet giants and tapping its wealth to pay for its ambitions to reduce reliance on US and European technology. Anti-monopoly and data protection crackdowns beginning in late 2020 have rocked the industry, which flourished for two decades with little regulation. Investors have been panicked by the aggregate market cap of e-commerce platform Alibaba, games and social media operator Tencent and other tech giants. The party says anti-monopoly enforcement will be a priority by 2025. It says competition will help create jobs and raise the standard of living....