Alibaba's office in Beijing. Photo by Bloomberg
Asia Policy

U.S. Official Escalates China Rhetoric With Alibaba and Tencent Criticism

Photo: Alibaba's office in Beijing. Photo by Bloomberg

A mid-level official with the State Department asserted in a little-noticed speech on Wednesday that several huge Chinese tech companies—Tencent, Alibaba and Baidu—were effectively arms of the Chinese government. His comments raised the prospect that the Trump administration, which in May effectively barred Chinese smartphone maker Huawei from doing business with U.S. companies, may be considering taking action against other Chinese tech firms.

In the speech, titled “Huawei and its Siblings, the Chinese Tech Giants,” the official grouped internet firms Alibaba, Tencent and Baidu together with Huawei and ZTE, the two Chinese telecom equipment makers that have been described by the U.S. government as security threats.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Takeaway Policy
Why the Press Could Fail
As a news entrepreneur, I’ve spent most of the last eight years focused on the business model challenges to our industry, which have been seismic. I’ve argued, again and again, that quality journalism won’t survive unless publishers stop trying to game algorithms for ad dollars and start holding themselves to a higher bar: journalism worth paying for.But another less-discussed challenge is...
Latest Briefs
 
GitLab’s Annualized Sales Top $215 Million in IPO Filing
Instagram Head Criticized Over Comparison Between Social Media and Cars
ISS Recommends Against Zoom Video’s Five9 Offer
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Illustration by Josh Brill
Exclusive Venture Capital Startups
Startup Founders Use Record-High Valuations to Cash Out Earlier
Earlier this year, Pipe raised a new round of funding led by investment firm Greenspring Associates that valued the financial software startup at $2 billion.
Joe Lonsdale in 2017. Photo: Bloomberg
Exclusive Venture Capital Startups
Tiger Global to Invest in Joe Lonsdale’s Newest Fintech Venture
Joe Lonsdale, the former PayPal intern who co-founded big-data analytics business Palantir and wealth management platform Addepar, is raising capital for a new company to help financial advisers make private market investments.
Reddit COO Jen Wong.
Exclusive Media/Telecom E-commerce
Reddit’s Ad Revenue Expected to Double to at Least $350 Million This Year
The “meme stock” rally that sent shares of companies like GameStop and AMC Entertainment soaring earlier this year was driven in large part by discussion on Reddit, the 16-year-old online news aggregator and discussion forum.
Redbird's Gerry Cardinale next to a statute of the Incredible Hulk. Photo by Bloomberg
Exclusive
Sports Media Investor RedBird Capital Is In Talks to Invest in LeBron James’ SpringHill
RedBird Capital Partners, an investment firm specializing in sports media, is in advanced talks to buy a minority stake in NBA superstar LeBron James’ entertainment firm, SpringHill Company, according to people familiar with the matter.
Devin Finzer, CEO of OpenSea. Photo: OpenSea. Illustration: Mike Sullivan
Creator Economy Crypto Startups
OpenSea CEO Says Era of ‘Pure Collectible NFTs’ Is Over
Earlier this year, artists such as Beeple made headlines for earning hefty sums through the sale of digital collectibles known as non-fungible tokens, or NFTs.
Affirm CEO Max Levchin. Photo courtesy of Affirm
Q&A E-commerce
Affirm is More Buyer or Partner Than Seller, Levchin Says
Affirm, a leading player in the fast-growing “buy now, pay later” online lending market, sees itself more as a buyer than a seller, according to CEO Max Levchin.