Name: China Widens Domestic Tech Clampdown
Uploaded: 2021-08-10T03:49:38.000Z
Description: Chinese authorities are clamping down on domestic companies—and their list seems to be getting longer.

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Chinese authorities are clamping down on domestic companies—and their list seems to be getting longer.

Kuaishou Technology is the latest target amid China's tech crackdown. Shares of the video-sharing app fell to a record low on Friday. The post-listing lockup on sales of the company's shares just expired, leading investors to dump the stock.

The trend reflects fear in the market over what Beijing will target next.

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