News Snapshot:
China’s regulators hauled in 34 of the country’s largest technology companies, with a combined value that surpassed the UK’s economy, for a haranguing on Tuesday, as the government widened the scope and upped the ante on its crackdown on Big Tech. Tencent Holding, Meituan , ByteDance and this newspaper’s owner Alibaba Group Holding were among the companies hauled in for a meeting in Beijing with the antitrust watchdog, cyberspace administration and the tax authority, according to a statement by the State Administration for Market Regulation (SAMR). The meeting, hosted by the China Cyberspace Administration and the China Taxation Administration, aimed...
