Jinping wants to curb price wars between China’s tech groups

Xi Jinping wants China’s tech companies to stop tearing each other apart with endless price cuts. Platforms keep slashing costs to beat each other, and now regulators are getting involved. Beijing doesn’t want another year of businesses throwing subsidies at users just to win market share. The government is under pressure to stop this, especially […] source: https://www.cryptopolitan.com/jinping-price-wars-between-china-tech-groups/