China vows ‘no mercy’ in battle against corruption, big tech

Bloomberg News, 20 January 2022

China has vowed to curb the influence of tech companies and root out corruption tied to the “disorderly” expansion of capital, a sign that authorities may try to expand a regulatory crackdown that erased more than $1 trillion of market value in 2021. The Chinese government declared it would break the ties between money and power, tackle corruption in a range of industries, and target political…