February 3, 2021

Chinese consumers are turning on Jack Ma and the Big Tech they once revered

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Cricket.","crops":[],"height":1920,"imageSize":"article-sidebar","lazyload":true,"lqipSrc":"https://content.fortune.com/wp-content/uploads/2021/01/DIS.03.21.Featured-Image.jpg?quality=60&resize=60,40","postId":2946611,"retina":true,"showCaption":false,"sources":[{"default":true,"transforms":{"resize":[130,86]},"descriptor":100}],"sourceTags":[],"src":"https://content.fortune.com/wp-content/uploads/2021/01/DIS.03.21.Featured-Image.jpg","srcset":"https://content.fortune.com/wp-content/uploads/2021/01/DIS.03.21.Featured-Image.jpg?resize=260,172 200w,https://content.fortune.com/wp-content/uploads/2021/01/DIS.03.21.Featured-Image.jpg?resize=130,86 100w","url":"https://content.fortune.com/wp-content/uploads/2021/01/DIS.03.21.Featured-Image.jpg","useBasicImg":false,"usingDataFallback":false,"width":2880,"fallbackImageUrl":"data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7","picture":false,"sizes":"100px"},"children":[]},{"name":"byline","config":{"link":"https://fortune.com/author/eamon-barrett/","name":"Eamon Barrett"},"children":[]}]}]},{"name":"advertising-slot","config":{"align":"center","lazyload":true,"useDynamicChannel":false,"placementName":"RightRailFlex_Articles","slotId":"RightRailFlex_Articles1","themeName":"article","targeting":{"placement_name":"RightRailFlex_Articles","index":2}},"children":[]},{"name":"dianomi","config":{"type":"sidebar"},"children":[]},{"name":"advertising-slot","config":{"align":"center","lazyload":true,"useDynamicChannel":false,"placementName":"RightRailFlex_Articles","slotId":"RightRailFlex_Articles2","themeName":"article","targeting":{"placement_name":"RightRailFlex_Articles","index":3}},"children":[]}]},{"name":"article-media","config":{"publishDate":"","type":"video","section":"International"},"children":[{"name":"brightcove-video","config":{"accountId":"2111767321001","disableAds":false,"disableAutoplay":false,"disableContinuousPlay":false,"disableViewplay":false,"isLeadVideo":false,"loop":false,"playerId":"HDNR3TkSj","stickyPlayerOff":false,"silentlyAutoplay":true,"videoId":"6205071819001","section":"International"},"children":[]}]},{"name":"article-body","config":{"mediaType":"video","premiumCategory":"P-Reported"},"children":[{"name":"gutenberg-content","config":{},"children":[{"name":"html","config":{"content":" u003cp>In 2014, a group of university students in Beijing founded Ofo, a bike-sharing startup that let customers scan QR codes to rent bikes for short rides around cities, picking up and dropping off the bikes wherever they wished.u003c/p> u003cp>The convenience and ease of dockless bike shares spawned competing startups like Mobike and Bluegogo, with each brand distinguished by the bright colors of its bicycles. The bikes became ubiquitous on the streets and sidewalks of China’s biggest cities, and the startups attracted billions in investments, turning founders like Dai Wei, the CEO of Ofo, into celebrity entrepreneurs.u003c/p>u003cp>u003c!-- piano selector -->u003c/p>u003cdiv class="paywall"> u003cp>But four years later, u003ca href="https://fortune.com/2019/12/06/china-bike-sharing-investors-ai/">at least fiveu003c/a> Chinese bike-share startups had gone bankrupt, and a Chinese court revealed in June 2019 that Ofo, the sector’s pioneer that was once valued at more than $2 billion, had u003ca href="https://qz.com/1647637/chinese-bike-sharing-startup-ofo-unable-to-pay-debts/">“basically no assets”u003c/a> and was unable to pay the significant debts it owed to suppliers and customers.u003c/p> u003cp>u003cem>u003ca href="https://mynewsletters.fortune.com/eastworld">Subscribe to u003c/a>u003c/em>u003ca href="https://mynewsletters.fortune.com/eastworld">Eastworldu003c/a>u003cem> for weekly insight on what’s dominating business in Asia, delivered free to your inbox.u003c/em>u003c/p>n u003cp>Millions of bike-share users, unable to recoup the deposits they had paid as part of the programs, took their grievances to social media. There, they u003ca href="https://daxueconsulting.com/ofo-bankrupt-crisis/">accusedu003c/a> the companies of wasting billions of dollars, littering city streets with clumps of unused two-wheelers, and failing to return their money.u003c/p> u003cfigure class="wp-block-image size-large">u003cimg data-src="https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-688504154.jpg?w=1024" alt="Use Of Ride-Sharing Services In Shanghai As Bicycle-Sharing Booms" class="lazyload wp-image-2939063"/>u003cfigcaption>A commuter rides an Ofo bicycle in Shanghai in May 2017. Ofo was part of the boom—and bust—of China’s bike-sharing industry. u003c/figcaption>u003cdiv class="image-credit">Qilai Shen—Bloomberg/Getty Imagesu003c/div>u003c/figure> u003cp>In one u003ca href="https://www.whatsonweibo.com/ofos-bike-sharing-services-spark-outrage-on-chinese-social-media-for-giving-privileges-to-foreigners/">viral postu003c/a>, a user in China noted that he only received a refund after posing as a foreigner. The hashtag, “pretend to be foreign and Ofo refunds immediately,” attracted over u003ca href="https://www.chinadaily.com.cn/a/201812/16/WS5c16474fa3107d4c3a00111f.html">240 million viewsu003c/a> on China’s Twitter-like u003ca href="https://fortune.com/company/weibo/" target="_blank">Weibou003c/a> platform. Users claimed the company was prioritizing its global image over its local customer base.u003c/p> u003cp>Some users took their complaints offline. In December 2018, u003ca href="https://www.thepaper.cn/newsDetail_forward_2746412">hundredsu003c/a> of people bundled in thick winter coats lined up outside Ofo’s office building in Beijing to demand their $14 deposits back from the beleaguered startup. Some u003ca href="http://www.sixthtone.com/news/1003348/hundreds-queue-for-refunds-at-ofos-beijing-headquarters">waitedu003c/a> for hours only to leave with nothing but Ofo’s promise that their deposits would be refunded within three days. u003ca href="http://www.sixthtone.com/news/1003348/hundreds-queue-for-refunds-at-ofos-beijing-headquarters">Someu003c/a> received refunds, but others are still waiting. In February 2020, Ofo rebranded as a shopping app, u003ca href="https://today.line.me/hk/v2/article/azxXn8">offeringu003c/a> users a discount on new purchases instead of a cash refund for their deposits.u003c/p> u003cp>“It was pretty visibly embarrassing for everyone involved,” says Dev Lewis, a fellow at Hong Kong–based think tank Digital Asia Hub.u003c/p> u003cp>Until then, the Chinese public had mostly glorified its national tech champions and the billionaires they minted. Early tech success stories like Alibaba, the e-commerce giant that Jack Ma founded in 1999, were the subject of national pride, lauded for proving to the world China’s economic and technological ascendance. u003c/p> u003cp>But as Chinese technology blossomed, so did its role in the lives of everyday people. A handful of apps owned by an even smaller number of companies now mediate the most routine tasks in China, from eating to shopping to booking medical appointments, making any allegation of abuse especially personal for users. Outrage over the downfall of Ofo and other bike-sharing unicorns was among the first indications that public sentiment toward homegrown technology companies was starting to turn.u003c/p> u003ch2>u003cstrong>The golden era of Chinese tech u003c/strong>u003c/h2> u003cp>For years, Jack Ma was the unequivocal symbol of China’s tech success, inspiring legions with his personal tale of going from high school teacher to founder of two of China’s most prominent tech firms: Alibaba and its sister company, the fintech titan Ant Group. He became the poster boy for the government’s campaign to spur domestic innovation. Beijing u003ca href="https://hbr.org/2014/03/why-china-cant-innovate">pledgedu003c/a> in 2006 to make the country “an innovative society” by 2020 and a global tech leader by 2050.u003c/p> u003cp>Today, tech giants like u003ca href="https://fortune.com/company/alibaba-group-holding/" target="_blank">Alibabau003c/a> and Tencent, which runs the billion-user u003ca href="https://fortune.com/2020/08/12/trump-wechat-ban-us-china-users/">“superapp”u003c/a> WeChat, have only increased their presence in people’s daily lives, each of them operating platforms with user metrics that dwarf the populations of most countries.u003c/p> u003cfigure class="wp-block-image size-large">u003cimg data-src="https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1192058127-2.jpg?w=1024" alt="2019 Jack Ma Awards Rural Teachers & Headmasters In China" class="lazyload wp-image-2939066"/>u003cfigcaption>Alibaba Group founder Jack Ma attends an awards show for teachers and headmasters on Jan. 6, 2020, in Sanya, China. A onetime teacher himself, Ma became the poster boy for China’s tech boom. u003c/figcaption>u003cdiv class="image-credit">Wang HE—Getty Imagesu003c/div>u003c/figure> u003cp>As China’s tech sector grew, people started u003ca href="https://www.wsj.com/articles/ant-founder-jack-ma-faces-backlash-from-regulators-11604442018">referringu003c/a> to the period as “the era of Ma Yun,” using Ma’s Chinese name. u003c/p> u003cp>The state-run u003cem>People’s Daily u003c/em>newspaper in 2013 u003ca href="http://en.people.cn/102774/8466897.html">ranu003c/a> a photo gallery of Ma, with pictures spanning his youth to middle age and headlined, “Reform Era: ‘The Great Times’ for Ma Yun.” The piece proudly detailed his rise from a Hangzhou boy who “failed the college entrance exam twice” to ranking “as one of the world’s billionaires.”u003c/p> u003cp>Six years later, that same paper u003ca href="https://qz.com/1946723/theres-no-place-for-a-jack-ma-in-todays-china/">publishedu003c/a> an editorial declaring that “there is no so-called Ma Yun era, but only an era that has Ma Yun in it,” underscoring how some tech behemoths—and Ma in particular—had fallen from grace. u003c/p> u003ch2>The bubble begins to burstu003c/h2> u003cp>After the burst of China’s bike-sharing bubble in 2018, other scandals followed, hardening some consumers’ anti-tech sentiment. u003c/p> u003cp>Big tech platforms like food delivery service Meituan, ride-hailer Didi, and online travel agency Ctrip are u003ca href="https://technode.com/2019/03/28/beijing-consumers-association-price-discrimination/">accused ofu003c/a> compiling consumer purchasing information and other data, and then using that data to charge higher prices to certain consumers. The practice is so pervasive that it has u003ca href="https://www.sixthtone.com/news/1006494/can-a-new-regulation-fix-chinas-big-data-backstabbing-problem%3F">earned a nameu003c/a> in China: “big-data backstabbing.” u003c/p> u003cp>In 2019, the Beijing Consumers Association u003ca href="https://technode.com/2019/03/28/beijing-consumers-association-price-discrimination/">found in a survey thatu003c/a> 88% of Chinese consumers believed that online shopping platforms exploited user data to maximize prices for customers. Then this week, the government-backed China Consumers Association u003ca href="https://www.caixinglobal.com/2021-01-14/in-depth-pushback-against-china-tech-giants-grows-with-accusation-of-algorithmic-bullying-101650876.html">accusedu003c/a> Chinese tech giants of wielding data to “bully” consumers, and called for more regulation. u003cstrong> u003c/strong>u003c/p> u003cfigure class="wp-block-image size-large">u003cimg data-src="https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-688504156.jpg?w=1024" alt="Use Of Ride-Sharing Services In Shanghai As Bicycle-Sharing Booms" class="lazyload wp-image-2939064"/>u003cfigcaption>Bicycles from Ofo, Xiaoming Danche, and others parked on a sidewalk in Shanghai in May 2017. Clusters of unused two-wheelers became proof of China’s oversaturated bike-sharing market. u003c/figcaption>u003cdiv class="image-credit">Qilai Shen—Bloomberg/Getty Imagesu003c/div>u003c/figure> u003cp>Meituan, which controls u003ca href="https://daxueconsulting.com/o2o-food-delivery-market-in-china/#:~:text=Penetration%20rate%20of%20the%20O2O,figure%20had%20increased%20to%2015.9%25.">90% of China’s food delivery marketu003c/a> along with delivery app Ele.me, also came under particular fire in December for u003ca href="https://www.caixinglobal.com/2020-12-21/trending-in-china-taking-advantage-of-loyal-customers-the-chinese-concept-of-shashu-goes-viral-101641478.html">allegedlyu003c/a> charging some customers double in delivery fees compared with others. A hashtag about the incident gained over 580 million views on Weibo, with one user commenting, “Where are the government regulations in this case?” u003c/p> u003cp>Public anger at tech platforms has extended beyond their treatment of customers to how the companies manage their employees.u003c/p> u003cp>On Monday, videos circulated on social media of Liu Jin, a delivery driver for Ele.me, u003ca href="https://www.ft.com/content/d6189ee8-9aea-41dd-a412-b8daba9cacf2">setting himself on fireu003c/a> to protest thousands of renminbi in unpaid wages, renewing public anger at delivery platforms’ treatment of the drivers whose labor makes them so profitable.u003c/p> u003cp>In September 2020, China’s u003cem>Renwuu003c/em> magazine published an investigative u003ca href="https://mp.weixin.qq.com/s/Mes1RqIOdp48CMw4pXTwXw">reportu003c/a> on food delivery drivers that revealed that workers are subject to a strict algorithm that fines drivers for late deliveries and pressures them into reckless driving.u003c/p> u003cp>The article went viral, prompting Meituan and Ele.me to u003ca href="https://www.scmp.com/tech/apps-social/article/3100847/eleme-give-customers-option-wait-longer-food-deliveries-after">relaxu003c/a> delivery time targets for their drivers.u003c/p> u003cp>Weibo users weren’t impressed with the corporate response: The most-upvoted u003ca href="https://radiichina.com/meituan-eleme-response/">commentu003c/a> on Ele.me’s public statement said drivers would use the extra time to pick up more orders instead of driving more safely, and it accused the company of “treating the symptom, not the cause.” u003c/p> u003cp>For white-collar tech workers, meanwhile, China’s tech industry is u003ca href="https://www.businessinsider.com/tech-workers-in-chinas-silicon-valley-face-burnout-before-30-2019-3?IR=T">notoriousu003c/a> for its long working hours and high burnout rates. Tech founders like Jack Ma have u003ca href="https://edition.cnn.com/2019/04/15/business/jack-ma-996-china/index.html">endorsedu003c/a> controversial work tactics like “996”—working from 9 a.m. to 9 p.m., six days a week—saying such a schedule provides “the happiness and rewards of hard work.”u003c/p> u003cp>Recently, tech employees have become more vocal in their opposition to the 996 mindset imposed by executives. In 2019, Chinese web developers who worked for the e-commerce firms Youzan and u003ca href="https://fortune.com/company/jd-com/" target="_blank">JD.comu003c/a> u003ca href="https://www.sixthtone.com/news/1003771/chinese-developers-protest-overwork-on-github">createdu003c/a> a GitHub page, 996.ICU, to protest the companies’ long hours. u003c/p> u003cfigure class="wp-block-image size-large">u003cimg data-src="https://content.fortune.com/wp-content/uploads/2021/01/GettyImages-1229864467.jpg?w=1024" alt="Meituan Delivery Drivers As Company Reports Earnings" class="lazyload wp-image-2939070"/>u003cfigcaption>A food delivery courier for Meituan in Shanghai, on Nov. 29, 2020. Meituan drew consumer ire for delivery windows that reportedly encouraged drivers to operate recklessly. u003c/figcaption>u003cdiv class="image-credit">Qilai Shen—Bloomberg/Getty Imagesu003c/div>u003c/figure> u003cp>The debate about overwork ignited again in January when e-commerce company Pinduoduo—whose founder Colin Huang u003ca href="https://www.scmp.com/tech/article/3115976/pinduoduo-founder-now-chinas-second-richest-person-antitrust-probe-looms-over">becameu003c/a> China’s second-richest man last year—u003ca href="https://www.bloomberg.com/news/articles/2021-01-04/pinduoduo-worker-s-death-renews-scrutiny-of-996-work-culture?srnd=premium-asia&sref=2a6vMvHc">confirmedu003c/a> that a 23-year-old Pinduoduo employee u003ca href="https://fortune.com/2021/01/04/china-996-work-culture-pinduoduo-death/">diedu003c/a> on Dec. 29, collapsing after leaving work at 1:30 a.m. Less than two weeks later, another Pinduoduo employee, a male engineer who joined the company in July, died by suicide. Pinduoduo u003ca href="https://fortune.com/2021/01/11/pinduoduo-employee-death-suicide-china-996/">saidu003c/a> it has set up psychological counseling services for all of its employees in the wake of these deaths. u003c/p> u003cp>After the first employee died, a Pinduoduo hashtag circulated on Weibo with more than 250 million views and thousands of users weighing in to criticize the tech firm’s work culture and wondering if the employee’s overtime hours had led to her death. After the second employee died, Pinduoduo, in a statement to u003cem>Fortune,u003c/em> did not comment on the company’s work culture, but said it is doing “everything [it] can” to support the worker’s family and loved ones.u003c/p> u003cp>One Weibo user said the exploitation of workers was “the essence of 996.” Another user called it “ironic” that another popular Weibo search term was Pinduoduo founder Colin Huang’s net worth and added, “capitalists are bloodsuckers.” u003c/p> u003ch2>u003cstrong>The backlash u003c/strong>u003c/h2> u003cp>The consumer dissatisfaction with tech giants dovetails with China’s growing u003ca href="https://www.bloomberg.com/news/features/2020-12-09/china-rich-kids-try-to-avoid-being-target-as-xi-tackles-wealth-gap">wealth gapu003c/a> and an increasing u003ca href="https://www.nytimes.com/2020/12/24/technology/china-jack-ma-alibaba.html">lacku003c/a> of social mobility. China now has more u003ca href="https://www.cnbc.com/2020/10/20/chinas-billionaires-see-biggest-gains-ever-fueled-by-ipos.html">billionaires than the U.S.u003c/a>, but some 600 million people still live on less than u003ca href="https://www.bloomberg.com/opinion/articles/2020-11-29/xi-jinping-scores-big-against-extreme-poverty-but-china-still-has-its-poor">$150 per monthu003c/a>. Chinese regulators seem to be latching onto the blowback, seizing it as an opportunity to tighten the rules on tech firms and divert blame for China’s economic injustices away from Beijing.u003cstrong> u003c/strong>u003c/p> u003cp>“There are signs that the general public opinion and sentiment is now turning against tech companies,” says Lewis. “It’s sort of creating a window of opportunity that…the government can choose to ride if they want to, to drive home some regulations on the platforms.” u003c/p> u003cp>No one can attest to Beijing’s newfound regulatory mandate more than Jack Ma. u003c/p> u003cp>In October, the flamboyant billionaire delivered u003ca href="https://fortune.com/2020/11/07/jack-ma-ant-ipo-suspended-china/">a searing speech in Shanghaiu003c/a>, in which he criticized Chinese financial regulation as “outdated” and accused Chinese banks of running on a “pawnshop mentality.”u003c/p> u003cp>Days later, regulators u003ca href="https://fortune.com/2020/11/07/jack-ma-ant-ipo-suspended-china/">haltedu003c/a> the initial public offering of Ant Group, Ma’s fintech firm, on the eve of its $37 billion dual listing that promised to be the biggest IPO in corporate history. Officials said the company needed to comply with new regulatory requirements before it could list. Ant and Ma received little sympathy online after the IPO’s suspension. Weibo users u003ca href="https://supchina.com/2020/11/04/public-opinion-on-jack-ma-swings-wildly-after-china-calls-off-ant-groups-ipo/">largely sidedu003c/a> with the regulators, calling the once revered Ma “an egotistical tech villain” who “thinks he’s above the law.” u003c/p> u003cp>There’s no new date for Ant’s IPO, and Ma has u003ca href="https://fortune.com/2021/01/05/jack-ma-missing-alibaba/">not been seenu003c/a> in public since his speech in Shanghai. u003c/p> u003cp>Much of the online anger focused on Ant’s lending service, which made up u003ca href="https://www1.hkexnews.hk/app/sehk/2020/102484/documents/sehk20082500535.pdf">almost 40%u003c/a> of its revenue in the first half of 2020. Some users of u003ca href="https://www.wsj.com/articles/young-chinese-spend-like-americansand-take-on-worrisome-debt-11567093953">Huabei,u003c/a> Ant’s credit line, u003ca href="https://www.ft.com/content/935401f8-a374-4c15-ba8a-12c600ac3443">toldu003c/a> theu003cem> Financial Timesu003c/em> that the service’s pop-up promotions sometimes lead them to accidentally pay for items on credit without knowing it, and make it easy to fall into debt.u003c/p> u003cp>“People have gotten into thousands of dollars of debt [using Huabei],” Lewis says. “People have been very skeptical of Huabei and their business practices to urge people to borrow more and shop more.” u003c/p> u003cp>One Weibo u003ca href="https://weibo.com/1644114654/JseAa7PXV?refer_flag=1001030103_&ssl_rnd=1604432242.6321&type=comment#_rnd1608192889185">commentu003c/a> with over 3,600 likes said Ant’s suspended IPO was a good thing because “loan sharks shouldn’t be listed” on the stock market.u003c/p> u003cp>Ant now faces a slew of u003ca href="https://www.cnbc.com/2020/11/06/with-ants-ipo-on-hold-china-emphasizes-need-for-fintech-regulation.html">new regulationsu003c/a> on its lending business that it must comply with before it can complete its IPO. Last month, China’s central bank publicly u003ca href="https://www.wsj.com/articles/china-tells-ant-to-refocus-on-payments-business-11609075851">criticizedu003c/a> Ant and advised the company to focus on its original business, online payments, and work to fix problems in its other businesses like the credit service.u003c/p> u003cp>The Ant saga isn’t the end of China’s regulatory spree, much of which is u003ca href="https://www.scmp.com/tech/policy/article/3117215/after-alibaba-probe-antitrust-top-2021-agenda-chinas-top-market">centeredu003c/a> on weakening the market monopolies that Chinese tech firms have crafted for themselves. u003c/p> u003cp>In mid-December, China’s market regulator u003ca href="https://www.reuters.com/article/us-china-antitrust-idINKBN28O0CQ">finedu003c/a> Alibaba Group and a Tencent-backed online literature platform under an anti-monopoly law and began a probe into a merger between two Tencent-backed livestreaming game companies. The market watchdog warned that “the Internet industry is not outside the oversight of anti-monopoly law.”u003c/p> u003cp>On Dec. 30, the regulator clamped down on tech giants again, fining three e-commerce companies for pricing irregularities and u003ca href="https://www.scmp.com/tech/policy/article/3115891/china-fines-tmall-jd-and-vipshop-price-irregularities-beijings-latest">explicitly sayingu003c/a> the fines were in response to consumer complaints about unfair price hikes and fraudulent promotions.u003c/p> u003cp>This week, the regulator u003ca href="https://www.caixinglobal.com/2021-01-14/china-carries-on-antitrust-drive-targeting-data-monopolies-101650450.html">reiteratedu003c/a> that anti-monopoly regulation is a priority in 2021.u003c/p> u003cp>China’s tech giants and their founders are “facing more oversight and questioning about their practices” now than in previous years, says Jeffrey Towson, a private equity investor and former management professor at Peking University in Beijing. “The large China tech companies are very influential, but they are also very accountable to consumers via the government.”u003c/p> u003cp>According to Lewis, China has not experienced a blowout tech controversy on the scale of the 2018 Facebook–Cambridge Analytica scandal, which delivered a harsh u003ca href="https://www.nytimes.com/2018/04/04/us/politics/cambridge-analytica-scandal-fallout.html">wake-up callu003c/a> to U.S. and European consumers about how their online data could be misused. u003c/p> u003cp>But concerns around Huabei, “big-data backstabbing,” 996 culture, and the online defense of regulators’ actions against Jack Ma and Ant are all signs that Chinese consumers are growing wary of Big Tech.u003c/p> u003cp>“I think all these things are adding up to a much more regulated Chinese Internet ecosystem,” Lewis says. “This could be a point where we look back and say, this is when a lot of consumer demand and expectations of how tech should run starts to shift in a small way.”  u003c/p> u003ch3>u003cspan style="font-weight: 400;">More u003c/span>u003ca href="https://fortune.com/">u003cspan style="font-weight: 400;">must-read storiesu003c/span>u003c/a>u003cspan style="font-weight: 400;"> from u003c/span>u003ci>u003cspan style="font-weight: 400;">Fortuneu003c/span>u003c/i>u003cspan style="font-weight: 400;">:u003c/span>u003c/h3>nu003cul>nu003cli>u003ca href="https://fortune.com/2021/01/11/second-stimulus-check-still-waiting-when-will-it-come-what-to-do-if-its-late/">Still waiting for your second stimulus check?u003c/a> How to track down your moneyu003c/li>nu003cli>Trump to leave office with u003ca href="https://fortune.com/2021/01/11/us-economy-jobs-numbers-trump-compared-past-presidents-worst-record-since-hoover/">the worst jobs recordu003c/a> since Herbert Hooveru003c/li>nu003cli>u003ca href="https://fortune.com/2021/01/08/covid-job-losses-women-december-us-unemployment-rate/">Women accounted for 100% of the 140,000 jobs shedu003c/a> by the U.S. economy in Decemberu003c/li>nu003cli>“We will never concede”: u003ca href="https://fortune.com/2021/01/07/trump-speech-capitol-attack-riots-pence-we-will-never-concede-maga-rally/">How Donald Trump incited an attack on Americau003c/a>u003c/li>nu003cli>u003ca href="https://fortune.com/2021/01/11/300-unemployment-benefit-covid-stimulus-extra-money-still-waiting/">Still waiting on your $300 unemployment benefit to start?u003c/a> What you need to knowu003c/li>nu003c/ul>nu003c/div>n"},"children":[]}]}]},{"name":"dianomi","config":{"type":"footer"},"children":[]}]}]}]}},"componentData":{},"error":null,"loading":false,"player":{"currentTime":0,"duration":0,"loading":false,"playing":false,"seek":0,"src":"","visible":false,"volume":0.5},"route":{"status":200,"redirectTo":"","redirectStatus":0,"action":"PUSH","pathname":"/2021/01/15/china-big-tech-backlash-techlash-jack-ma-alibaba/","search":"?","hash":""},"visible":{"search":false,"primaryNav":false,"freestar":false,"adminBar":false},"contactForm":{"submitting":false,"submitted":false,"failed":false,"validation":{},"redirect":""},"user":{"isLoggedIn":false,"accessLevel":null}}; ]]> Source

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