China’s Tech Crackdown Is Upending Lives From Beijing to Kentucky
For the past five years, Catrina Cowart started most of her days at 5 a.m. with a live-streamed call from China. Through a tutoring app called VIPKid, the freelance writer in Lexington, Kentucky earned $21 an hour teaching English to Chinese kids, more than what she would have made at a local school. But her routine ended this summer after Beijing decreed a large portion of its $100 billion private education sector illegal. Read more Yahoo! Finance
China’s Singles’ Day Shopping Fest Muted Amid Tech Crackdown
The Singles’ Day shopping festival — also known as Double 11 — is a massive event for China’s e-commerce companies. Last year, consumers spent $74 billion on Alibaba’s online shopping platforms over the 11 days of the festival. Smaller rival JD.com reported $40 billion in sales during a similar time frame. Alibaba — China’s largest e-commerce firm — usually holds a massive gala the night before Nov. 11. Past galas have featured superstars such as Katy Perry and Taylor Swift and even acrobatic acts by the Cirque du Soleil. Read more US News
