It's not like this crackdown is about the CCP's concern for protecting user data and preventing monopolies. It's just a turf war over the data and in a larger sense over control of the direction of the country.

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...