BEIJING: The Communist Party of China (CCP) is tightening political control over China’s internet giants and harnessing their funds to fuel its ambitions to reduce dependence on US and European technology. The anti-monopoly and data protection crackdown that began in late 2020 has rocked the industry. 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 CCP says that anti-monopoly enforcement will be a priority by 2025. It says competition will help create jobs and raise living standards. Businessmen, lawyers and economists say the CCP is...