#42 - Crackdown spreads to EU and thaws in China
Description
With Elon Musk acquiring Twitter and upending the status quo of the Western tech, Kevin and Adeh analyze and foretell the impact of the EU's two new upcoming tech regulation policies by examining China's tech crackdown as precedence.
They end on a more optimistic note by looking at how parts of China's tech is continuuing to flourish and the crackdown beginning to ease.
1) Musk bought Twitter, a $44 bn deal
2) EU tech crackdown: EU approves Digital Markets Act and Digital Services Act
3) China tech crackdown: $1 tn tech stock value loss during crackdown, venture cap funding down 77% yoy
4) Shein valued at $100 bn USD, more than H&M and Zara combined
5) China hands out game licenses after 9 month freeze
5b) Tencent didn't get a license but still rolling in the dough
United States
