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China’s crackdown on tech companies hasn’t really surprised anyone who knows China. However, the extent to which the Chinese authorities went has raised new questions without really answering the older ones. In this post, we look at the backdrop to sense where the China clampdown on what were almost untouchable giants began. We look at some data and hypothesize what led to China taking what sounds like a drastic step. Beijing’s stock exchange and Jack Ma A US president once said that when China is thirsty, it will play the guitar. In China, nothing happens by chance. And most people,…