China insecurity or US Arm twisting

AI, ML which is deemed the building blocks of the future of all things tech. So how did we end up where we are today. the beating down of Chinese tech companies came about when the Chinese internet watchdog decided that too many of their tech companies are moving to US soil to list their companies - to make more money and to also allow greater Influence and capturing of the US and world market. So who have not hear of Alibaba, Tencent, Xiaomi, etc. however, with the US regulations, it is highly likely that these US listed Chinese companies will need to toe the line, surrendering information if and when called upon. President Xi will not be happy that all his cadres travel routes and where abouts could potentially be available via the likes of DIDI when pressed by regulations. well the conspiracy theory is also that President Xi is fighting the other factions which might be backing some of these more successful tech companies. then again topic for another day.
so is the Chinese insecure or there's some arm twisting happening behind the scenes. what do you think?