China’s tech groups are accumulating too much power

There is no Silicon Valley comparison to the dominance of Alibaba and Tencent

Ma Huateng, chairman and chief executive officer of Tencent Holdings Ltd. speaks during the 2017 China International Big Data Industry Expo at Guiyang International Eco-Conference Center on May 28, 2017 in Guiyang, China — Lintao Zhang/Getty Images

By Henny Sender

When scientist Wang Jun left BGI, among the largest genomics organisations in the world, to establish iCarbonX, his latest medtech venture, in Shenzhen well over a year ago, many early local investors vied…

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