Earlier quoted context omitted.
Naively, it looks like the CCP sees the influence and heft US tech exercises on the US population and world at large. The CCP will forgo economic might (in this sector) for social stability and control every time. They do not want these titans to have more power or influence than they have so they rein them in and let them know who holds the straps.
This doesn't make sense to me. Centralized power is good (if that's what you want, and it seems like that's the MO of the CCP). They just need to control it. They should want Tencent to take over the world - with them in complete control of Tencent (which they basically already are). Why should the CCP afraid of Tencent getting big instead of trying everything they can to make Tencent and ByteDance etc bigger?
Factions exist in the ccp and having outside concentrations of power can lead to dangerous fragmentation that can also affect the internal politics of the ccp