China ‘Smashes’ Its Technology Sector to Build a New Commercial Paradigm

Beijing has been cracking down on China’s homegrown technology companies, and this has accelerated the past few months. It has, unsurprisingly, prompted speculation of China’s motives. But the explanations proffered so far by experts betray a palpable lack of sophistication. The crackdown is monumental and potentially paradigm-shifting, and will fundamentally…