China’s New Tough Stance on Tech

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, IFRS, Income Taxes, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to the New York Times, despite the fact that Jack Ma and other entrepreneurs have prospered under Beijing’s laissez-faire attitude toward the business side of the internet, new investigations by China’s authoritarian government indicate that the dynamic is shifting as the companies have grown in power.

Questions:

  1. What is the investigation into Alibaba about?
  2. Who is the tycoon associated with Alibaba?
  3. According to the article, increased scrutiny of Alibaba coincides with what efforts of the U.S. and the EU to curb Internet power?
  4. What was the most interesting thing that you read in this article?

Source:

Zhong, R. (2020). With Alibaba Investigation, China Gets Tougher on Tech. The New York Times, December 23 (Retrievable online at https://www.nytimes.com/2020/12/23/business/alibaba-antitrust-jack-ma.html