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China’s Xi Pressures Tycoons With ‘Common Prosperity’ Talk

Four decades ago, Deng Xiaoping declared that China would “let some people get rich first” in its race for growth. Now, Xi Jinping has put China’s tycoons on notice that […]







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Why China’s Young People Are Embracing Chairman Mao

They read him in libraries and on subways. They organized online book clubs devoted to his works. They uploaded hours of audio and video, spreading the gospel of his revolutionary […]




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Jack Ma Shows Why China’s Tycoons Keep Quiet

Jack Ma, the most famous businessman China has ever produced, is avoiding the spotlight. Friends say he is painting and practicing tai chi. Sometimes, he shares drawings with Masayoshi Son, […]




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Ant Group Announces Overhaul as China Tightens Its Grip

China’s fast-moving campaign to curb the power of internet giants has hit its latest mark: Ant Group, the fintech sister company of the e-commerce behemoth Alibaba.Ant announced on Monday that […]




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Alibaba Faces $2.8 Billion Fine From Chinese Regulators

China on Saturday said it was imposing a record $2.8 billion fine on the e-commerce titan Alibaba for monopolistic business practices, the government’s toughest action to date in its campaign […]




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China Turns to Elon Musk as Technology Dreams Sour

China is having its techlash moment.The country’s internet giants, once celebrated as engines of economic vitality, are now scorned for exploiting user data, abusing workers and squelching innovation. Jack Ma, […]




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Companies That Donated to Senators Planning Election Results Challenge Face Questions

What election objectors could cost their corporate donorsAny remaining notions that the presidential transition would go smoothly were shattered this weekend when 11 Republican senators announced that they would not […]




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China Orders Ant Group to Revamp Its Business

Chinese regulators on Sunday ordered the financial-technology giant Ant Group to fix what they described as a litany of business failings, escalating a pressure campaign that has been building since […]




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Why China Turned Against Alibaba’s Jack Ma

Mr. Xi made no secret about what his ideal capitalist should be like. Ten days after the Ant I.P.O. debacle, he toured a museum exhibition devoted to Zhang Jian, an […]