Asia links 12 Nov 2020: China's new…

Insight #1 – The new anti-trust law signals a power struggle between the CCP and Big Tech A few years ago, Xi Jinping called tech entrepreneurs to Beijing to a briefing. They were told that from that point onwards they need to serve the party and nobody else. Since then, tech companies have gradually begun to toe the party line. Several of them have co-operated in building out “city services” for the government, an euphemism for surveillance networks. And in a strange series of coincidences, the founders of JD, Alibaba and Pinduoduo all stepped down - one after another. There were reports that Ant Financial had been reluctant to share its data with the government for use in its new social credit system. But this week, the government finally struck back. With a

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