The United States (US) is reportedly preparing to launch a new attack on China, this time targeting the cloud business. According to The New York Times, the Biden administration is exploring initiatives to counter Chinese technology giants Alibaba and Huawei, which provide cloud services.
For the past 18 months, the US government and members of Congress have been devising a campaign to attack China’s cloud computing business, citing “security risks” as the main reason. Five internal sources, who chose to remain anonymous, revealed that US authorities are drafting stricter rules for Chinese companies operating in the country.
In addition to this, US authorities also plan to block the development of Chinese technology companies in other countries. This strategy is similar to previous actions taken by the US, where they have persuaded allied countries to implement restrictions on China.
Alibaba, owned by billionaire Jack Ma, is one of the Chinese companies that will be affected by these potential restrictions. Although Ma no longer plays an active role in the company, he still holds shares in Alibaba. However, there has been no official comment from US authorities, Huawei, Alibaba, or Tencent, another Chinese giant with cloud services.
The US-China tensions continue to escalate, with the cloud business becoming the latest battleground. The fate of Jack Ma’s business empire hangs in the balance as the US prepares to tighten regulations and restrict Chinese technology companies. The impact of these potential restrictions on the global tech industry remains to be seen.
Watch the video below: “Jack Ma Returns, Alibaba Splits into 6 Business Groups”
(fab/fab)
How do the potential restrictions on Chinese technology firms by the US government and its allies impact Jack Ma’s business empire and the global tech industry
The United States (US) is gearing up for a fresh showdown with China, and this time the battlefield is the cloud business. Reports suggest that the Biden administration is mulling over measures to counter Chinese tech giants Alibaba and Huawei, who are major players in the cloud services arena.
Over the past year and a half, the US government, along with members of Congress, has been quietly formulating a strategy to strike at China’s cloud computing sector, citing concerns about “security risks”. Anonymous insiders have revealed that stricter regulations are being drafted to target Chinese companies operating in the US.
But it doesn’t stop there. US authorities are also planning to impede the growth of Chinese tech companies in other countries. This approach mirrors the tactics employed in the past, where the US has managed to convince allied nations to impose restrictions on China.
Among the Chinese companies that will feel the brunt of these potential restrictions is Alibaba, founded by billionaire Jack Ma. Although Ma is no longer active in the company, he still holds shares. As of now, there has been no official response from US authorities, as well as Alibaba, Huawei, or Tencent, another Chinese tech giant with cloud services.
Clearly, tensions between the US and China are escalating, and the cloud business is emerging as the latest battleground. As the US gears up to tighten regulations and limit the activities of Chinese technology firms, the fate of Jack Ma’s business empire hangs in the balance. The repercussions of these potential restrictions on the global tech industry remain uncertain.
To get a better understanding of the situation, check out the video below: “Jack Ma Returns, Alibaba Splits into 6 Business Groups.”
(fab/fab)
This article sheds light on the brewing tensions between the US and China’s cloud businesses, particularly Alibaba and Huawei. It highlights the potential for an upcoming attack by the US, raising concerns about the future of these tech giants.
It’s disheartening to witness the growing tension between the US and China, as evidenced by the new attack on China’s cloud business. Targeting prominent companies like Alibaba and Huawei is a move that could potentially exacerbate the already strained relations between the two economic giants. It is crucial for both sides to seek productive ways to address their concerns and promote fair competition in the global tech industry.