China widens crackdown on homegrown tech companies traded in US

The Chinese government on Monday broadened its crackdown of the country’s homegrown tech companies — targeting two more firms that recently started trading on US exchanges.

The Cyberspace Administration of China announced Monday that it’s investigating two subsidiaries of Full Truck Alliance as well as an online recruiting app owned by Kanzhun. Full Truck Alliance, which has described itself as an Uber-like service for Chinese truckers, started trading on the New York Stock Exchange last month.