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Is More Trouble Brewing For Alibaba, Its Tech Counterparts? Beijing Reportedly Considers Data Tax Stocks News Feed

November 23, 2021
Source: stocksnewsfeed.com stocksnewsfeed.com
News Snapshot:
After last weekend’s regulatory action on Chinese tech behemoths, more trouble appears to be brewing on their horizon. What Happened: As Chinese President Xi Jinping furthers his “common prosperity” agenda that seeks equitable sharing of wealth, it has emerged that China could impose a “data tax” on platform developers, including big internet companies, the Nikkei reported. Don't Forget : Follow us on Twitter - Join and Engage the Conversations View Recent Press Releases Submit a Press Release Internet companies should return a portion of the revenues they make out of the personal information they have privy to, former Chongqing mayor...
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Tags: Alibaba | Beijing | China | Chinese | Chongqing | communist | content | data | dining | e-commerce | Economy | finance | financial | furniture | government | Internet | IT | online shopping | revenue | social media | stocks | technology | Twitter | War | Xi Jinping

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