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Have China's big tech giants become too big?
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When does a big tech giant become too big? It’s a question that seems to have been on the mind of officials within China’s State Administration for Market Regulation of late. But why have Jack Ma’s fintech subsidiary Ant Group and the food-delivery platform Meituan attracted the attention of the regulators recently? In this episode, Joe Cash talks to the CBBC’s UK-based policy analyst Torsten Weller on the competition that is shaping up between China’s state-owned banks and the private fintech companies to provide digital payments solutions, the tactics that the private tech firms use to compete with one another, and how China’s big tech scene dwarfs what consumers in the UK are used to.
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