Xi Warns Tech Crackdown Will Widen

Xi Jinping is warning that Beijing will go after so-called “platform companies” as China’s tech crackdown widens. The Chinese president is ordering authorities to step up oversight of internet firms, crackdown on monopolies and promote fair competition. Regulators are now said to have their sights on Tencent after clamping down on Jack Ma’s Ant Group Co. Ltd. Bloomberg’s Zheping Huang reports on “Bloomberg Daybreak: Europe.”