Why the CCP Is Cracking Down on Alibaba While Sparing Tencent


Commentary The Chinese regime fined Alibaba $2.8 billion in April under anti-monopoly law, highlighting the regime’s comprehensive review of Chinese internet companies. However, Tencent was only fined $310,000 despite its comparable monopolistic influence in China. For a mega-corporation like Tencent, a fine of this size is equivalent to pennies. The CCP’s biggest grievance with Alibaba is its very large share of the CCP’s precious authority over Chinese banking and finance. However, this alone doesn’t justify the disparity in fines. Tencent’s monopolistic actions in many leading industries are in no way smaller than Alibaba’s. China’s three main technology companies are Baidu, Alibaba, and Tencent, forming the acronym BAT. Among BAT, Tencent has the most amazing expansion and the most serious monopoly, far surpassing Alibaba and Baidu. Why is the CCP showing mercy to Tencent, while so heavily fining Alibaba? Alibaba Versus Tencent In terms of monopolistic standing, Alibaba and Tencent both dominate the …

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