E-commerce platform Alibaba, games and social media operators Tencent and others have lost $ 800 billion in equity market value since the crackdown. The ruling Communist Party is using their wealth to strengthen its political control over China’s Internet giants and to pay off its ambitions to reduce its reliance on US and European technology. Antitrust and data security crackdowns, which began in late 2020, have rocked a thriving 20-year industry with little regulation. Investor anxiety has pushed the total market value of e-commerce platform Alibaba, games and social media operators Tencent and other major tech companies by more than...