The Rise of China's Internet Companies

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We're at a really interesting moment for Chinese internet companies, says Eleanor Ocott. The tech giants are trying to chart a course that keeps them both on the good side of the government and boosting shareholder value. So I think it's the start of more to come," she adds.

Social media giant Meta is deliberating a company-wide ban on political advertising in Europe, crypto exchange Binance hid substantial links to China, and UBS is bringing back Sergio Ermotti to lead the bank as it integrates Credit Suisse. Plus, the FT’s Eleanor Olcott explains why China’s ecommerce giant Alibaba is splitting into six business units.

Mentioned in this podcast:

Meta bosses look at political ads ban in Europe

Why UBS brought Sergio Ermotti back as chief executive

Binance hid extensive links to China for several years

Alibaba bets on split to survive Chinese tech’s new battlefields

Behind the Money podcast: Inside UBS’ takeover of Credit Suisse

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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