Once seen as golden ticket, China’s Big Tech scene has been battered in 2021

Aaronn Sittig

3 years ago

Once seen as golden ticket, China’s Big Tech scene has been battered in 2021

This year will go down as a tough period for Chinese technology firms, as Beijing moved to exert control over the once-freewheeling sector. In the third of a four-part series, the South China Morning Post looks at how 2021 became a turning point in the development of China’s Big Tech companies.Xiang Zikui, a Shenzhen-based woman who works in the gaming division of one of China’s biggest internet companies, says she was shocked to hear about large-scale lay-offs at iQiyi, often dubbed China’s…

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