The Knives Are Out for Big Tech Worldwide

Despite disputes over everything from trade to human rights, there’s one thing China has in common with the U.S. and European Union: They all have big tech in their sights.

Beijing is vowing to curb the influence of technology companies and target what it calls corruption tied to the “disorderly” expansion of capital. That likely signals an intensification of President Xi Jinping’s regulatory onslaught that erased more than $1 trillion of market value last year.