China’s widening tech crackdown
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 6 July 2021
⏱️ 9 minutes
🧾️ Download transcript
Summary
KKR is expanding its operations to target more takeovers in the UK,
ransomware hackers hit more than 1,000 companies in what appears to be one of the largest supply chain attacks to date, and oil prices jumped to the highest level in three years on Monday after oil producers abandoned a decision over increasing oil production. Plus, the FT’s deputy Beijing bureau chief looks at why Chinese regulators are going after Chinese tech companies that recently listed in the US.
KKR steps up pursuit of UK companies amid buyout frenzy
https://www.ft.com/content/e5cc18cf-081d-4b68-b469-ca77935a615e?
Oil hits three-year high after Opec+ abandons meeting
https://www.ft.com/content/c9746fbc-7a90-4c9a-9a52-30b44475aa9a
Russia-linked hackers target IT supply chain with ransomware
https://www.ft.com/content/a8e7c9a2-5819-424f-b087-c6f2e8f0c7a1
China targets more tech groups after Didi crackdown
https://www.ft.com/content/771f6d40-ecd2-4855-8193-d0550f1d2e3d
Clubhouse discussion on Jeff Bezos’s departure from Amazon
https://www.clubhouse.com/event/PrDXYYvL
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:01.6 | Today is Tuesday, July 6th. |
| 0:03.7 | And this is your FT News Briefing. |
| 0:05.8 | The private equity powerhouse KKR is on the hunt for British |
| 0:12.0 | companies. |
| 0:12.8 | We'll hear more on the latest major ransomware attack. |
| 0:15.4 | It affected more than 1,000 companies, and a stalemate |
| 0:18.3 | among oil producers is sending oil prices higher. |
| 0:22.1 | Plus Beijing has cracked down on several big Chinese tech |
| 0:24.8 | companies, including the big ride-hailing company |
| 0:27.4 | DD, that just floated in the US last week. |
| 0:30.6 | The patent here is also kind of versatile, if you like, |
| 0:33.3 | of the paranoia and fears that the US government has had |
| 0:36.3 | against Chinese companies like Huawei or TikTok. |
| 0:40.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:49.2 | One of the world's largest private equity firms |
| 0:51.4 | is expanding its operations in the UK. |
| 0:54.2 | The head of European buyouts at KKR told the FT that the firm |
| 0:57.9 | will set up a team of five dealmakers to focus on buying |
| 1:00.7 | British companies. |
| 1:01.9 | Private equity firms have been snapping up British companies |
| 1:04.5 | at a record pace after Brexit and the pandemic |
... |
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