Oct 7, 2021
In episode 345, Shai Oster, Asia Bureau Chief from the Information joined our returning host, Bernard Leong to answer the most important question in Asia, "What just happened to the Chinese tech giants?" We dived deep on why they are facing a regulatory crackdown and its downstream impact not just to Chinese tech CEOs stepping down from their jobs but also to the successful US companies from Apple to Tesla that are based in China.
"What Alibaba and Tencent have done is created national banking infrastructure. In China, national infrastructure is a national security. It's like highways, it's like power. And if huge amounts of your economy are being transacted behind closed doors effectively, through a private enterprise, that's not okay for the Chinese government." - Shai Oster, The Information