China’s Technological Turnaround – The Wire China

Visitors view an exhibition of “Chinese chips” during the World AI Conference & High-Level Meeting on Global AI Governance, held in Shanghai, China, July 4, 2024. *Credit: VCG via AP Images*

Jack Ma’s fintech giant Ant Group saw its initial public offering stalled after publicly challenging government regulations. Ride-hailing giant DiDi faced an investigation that would result in $1.2 billion in fines and its New York IPO was eventually rolled back. Entire industries — online tutoring and mobile gaming — were banned or frozen by regulatory decree. The future suddenly looked uncertain for online delivery companies like Meituan

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China’s Technological Turnaround – The Wire China