The Chinese government imposed an antitrust fine equivalent to $2.8 billion on tech and e-commerce company Alibaba, the Wall Street Journal reports.
Why it matters: It's a record penalty in the country and a continuation of Beijing regulators' scrutiny on the business empire of founder Jack Ma, who was ordered in December to transform his Ant Group into a financial holding company overseen by China’s central bank.
The State Department issued guidelines on Friday "to encourage U.S. government engagement with Taiwan that reflects our deepening unofficial relationship."
Why it matters: The latest guidance comes amid heightened tensions over Taiwan, whose status is one of the most sensitive political issues between Washington and Beijing.
Threats to Taiwan, the self-governing island only slightly bigger than Maryland, are sending shivers through the global tech industry.
Why it matters: Taiwan is home to 92% of the world's leading-edge chip manufacturing operations and a vital center for producing other tech components, including laptops and PC motherboards.
Senate Foreign Relations Committee Chair Bob Menendez (D-N.J.) and ranking member Sen. Jim Risch (R-Idaho) on Thursday announced their finished bipartisan proposal to counter China's rising political and financial power.
Why it matters, via Axios' China reporter Bethany Allen-Ebrahimian: This bill marks a culmination of years of growing bipartisan concern, and the rise of an increasingly authoritarian China. If it passes, it will send a strong signal to Beijing that both parties are unified in defending democratic values from authoritarian encroachment.
Nathan Law, a former lawmaker and prominent pro-democracy activist in Hong Kong, announced Wednesday that he has been granted asylum in the U.K.
Why it matters: Britain's decision to grant Law asylum, and to offer incentives to other Hong Kong residents to resettle in the U.K., will likely increase tensions between the U.K. and China, Reuters reports.
The Chinese government on Wednesday warned the U.S. that it would respond strongly if Washington boycott's next year's Winter Olympics set to be held in Beijing, AP reports.
Driving the news: The message comes after a State Department spokesman said at a briefing Tuesday that a joint boycott by the U.S. and its allies "is something that we certainly wish to discuss," in response to a question about how to punish China for what observers have described as a genocide against Muslim minorities in Xinjiang.
The U.S. would discuss a joint boycott of the 2022 Winter Olympics in China with its allies and partners, State Department spokesperson Ned Price said during a press conference on Tuesday.
Why it matters: An Olympics boycott by the U.S. and its allies could help persuade international legal institutions to open an investigation related to allegations of genocide in Xinjiang, human rights lawyer Djaouida Siaci tells Axios' Bethany Allen-Ebrahimian.
Djaouida Siaci is an international lawyer who focuses on human rights violations, genocide and sexual violence. She spoke to Axios about the international human rights law perspective on the Chinese government's actions in Xinjiang.
Why it matters: Siaci believes that a boycott of the 2022 Beijing Olympics wouldn't just be symbolic; it could help persuade international legal institutions to open an investigation related to allegations of genocide in Xinjiang.
Big Tech players in China like Alibaba, Tencent and Baidu are facing challenges all-too-familiar to Amazon, Facebook and Google.
Why it matters: Antitrust has become a big theme for Beijing and this could hamper growth of China’s tech sector should authorities decide to regulate with a heavy hand.