News Snapshot:
/ China Clampdown on Big Tech Puts More Billionaires on Notice – Yahoo Finance China Clampdown on Big Tech Puts More Billionaires on Notice – Yahoo Finance 11/10/2020 by admin (Bloomberg) — Xi Jinping’s Communist Party is stepping up efforts to rein in some of China’s most powerful companies, jolting investors and dealing a blow to the country’s richest entrepreneurs. Beijing on Tuesday unveiled regulations to root out monopolistic practices in the internet industry, seeking to curtail the growing influence of corporations like Alibaba Group Holding Ltd. and Tencent Holdings Ltd. The rules, which sent both stocks tumbling and sparked...