US big tech is globally influential, clipping their wings would reduce that influence. Chinese big tech is generally more about the large Chinese market and diaspora.
Point is: Even-though American big tech’s dominance is an US advantage, the monopolies still come at a cost.
The Chinese government can move quickly and decisively because it doesn't have any checks or balances. The US would benefit from a system in which (a) there are clear rules for competition and (b) those rules are enforced, even-handedly; but it's harder than you think to get to that point.
Same reason Jack Ma went (extremely) conspicuously missing last fall.
CCP wants the economic growth and international prestige that a burgeoning tech sector provides, but does not want anything resembling the system we have where facebook can tell the White House to take a hike. https://www.nytimes.com/2021/07/17/technology/facebook-vacci...
https://insider.techbuzzchina.com/c/policies-and-regulations...
1. Companies burning money in an effort to scale up and obtain a monopoly.
2. Using human weaknesses to design products and acquire traffic.
3. Monopolistic online platforms taking asymmetric measures to collect information from users and infringing on their privacy.
4. Discriminatory pricing.
Sometimes I wonder whether we in the west are capable of doing a similar crackdown? Or we have past the point of no return and companies like Facebook, Google, Amazon etc. are simply too powerful and too politically influental?