Why is China destroying its tech companies?

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Research: Priyanshu Sinha ➡️ https://twitter.com/bol_priyanshu
Editing: Harshit Singh ➡️ https://www.youtube.com/channel/UC-y5zjOhdblFz7Ezwqrwi2w
Art Director: ButWhy ➡️ https://www.youtube.com/c/ButWhy/

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Markers
0:00 Introduction
2:51 Possible reasons behind this
5:43 Why internet companies are overrated
8:10 Focus on manufacturing
10:02 Why manufacturing
11:13 What does it mean for India?

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Sources:
0. Introduction

https://indianexpress.com/article/explained/explained-what-is-the-ant-group-why-is-their-ipo-suspended-6943919/
https://www.wsj.com/articles/tencent-plummets-as-china-takes-aim-at-online-videogames-11627962018?mod=article_inline
https://www.reuters.com/world/china/china-bars-for-profit-tutoring-core-school-subjects-document-2021-07-23/
https://supchina.com/2021/07/23/chinas-after-school-tutoring-crackdown-goes-nuclear/
https://www.wsj.com/articles/didi-ipo-china-regulators-investors-trouble-11625873909?mod=article_inline
https://www.wsj.com/articles/didi-ipo-china-regulators-investors-trouble-11625873909?mod=article_inline
https://www.wsj.com/articles/china-blocked-jack-mas-ant-ipo-after-an-investigation-revealed-who-stood-to-gain-11613491292?mod=article_inline
https://www.bloomberg.com/news/articles/2021-07-29/tencent-is-world-s-worst-stock-bet-after-170-billion-wipeout?utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&utm_content=nextchina
https://www.bloomberg.com/news/articles/2021-07-29/tencent-is-world-s-worst-stock-bet-after-170-billion-wipeout?utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&utm_content=nextchina

1. Possible reasons behind this
https://www.bbc.com/news/technology-56448688
https://www.wsj.com/articles/alibaba-hit-with-record-2-8-billion-antitrust-fine-by-chinas-market-regulator-11618018830?mod=article_inline
https://www.bbc.com/news/world-asia-china-57067180
https://thediplomat.com/2021/07/china-targets-the-private-tutoring-sector/
https://www.scmp.com/tech/big-tech/article/3140573/chinas-big-tech-face-wake-call-countrys-web-data-protection-laws?module=perpetual_scroll&pgtype=article&campaign=3140573

2. Why internet companies are overrated
https://restofworld.org/2021/is-china-tech-still-investable/
https://www.wsj.com/articles/china-wants-manufacturingnot-the-internetto-lead-the-economy-11628078155
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=CN-JP-US
https://www.bbc.com/news/business-12427321
https://noahpinion.substack.com/p/why-is-china-smashing-its-tech-industry
https://www.china-briefing.com/news/economic-reform-china-opening-up-future-prospects/

3. Focus on manufacturing
https://www.wsj.com/articles/jack-mas-giant-financial-startup-is-shaking-the-chinese-banking-system-1532885367
https://www.bloomberg.com/news/articles/2021-06-24/how-xi-and-the-ccp-turned-on-jack-ma-ant-and-china-s-fintech-companies
https://www.cnbc.com/video/2021/08/03/chinese-state-media-calls-online-gaming-opium-of-the-mind.html
https://www.wsj.com/articles/china-wants-manufacturingnot-the-internetto-lead-the-economy-11628078155
https://twitter.com/tracyalloway/status/1419889347613007876
https://noahpinion.substack.com/p/why-is-china-smashing-its-tech-industry

4. Why manufacturing
https://www.orfonline.org/research/sino-techno-nationalism-powers-through-with-china-manufacturing-2025/
https://twitter.com/ruima/status/1420109129847214084
https://www.darpa.mil/attachments/(2O15)%20Global%20Nav%20-%20About%20Us%20-%20History%20-%20Resources%20-%2050th%20-%20Internet%20(Approved).pdf
https://www.sciencedirect.com/science/article/abs/pii/004016259290044T
https://noahpinion.substack.com/p/why-is-china-smashing-its-tech-industry

5. What does it mean for India
https://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS?locations=IN-CN-US
https://www.livemint.com/auto-news/auto-recovery-may-skid-on-chip-supply-shortage-11628184925078.html
https://data.worldbank.org/indicator/NV.IND.MANF.KD.ZG?locations=IN

India