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Posted by John Chan | Dec 16, 2020 A series of enforcement measures and proposed laws have drawn heightened attention to Beijing’s plans to rein in and remake the environment for big tech in China. Taken together, they reveal an unprecedented willingness by the Chinese government to take on tech giants that have previously gone largely unchecked, forcing them to toe the Party line and also to protect consumer interests and privacy to a degree previously unseen. Since the summer, regulators have signaled growing concern about monopolistic practices in China’s technology sector. In November, the announcement by China’s market regulator of new measures to curb tech monopolies brought its priorities fully into view. This week it took action, fining three companies for improper reporting of acquisitions for regulatory approval. SupChina’s Lucas Niewenhuis

Shen luYale daumSupchina lucas niewenhuisShen weiweiKendra schaeferNikki sunChina ministry of industryAnt groupAdministration of market regulationInformation technologyChina internet finance forum onAdministration for market regulationConsumer associationLucas niewenhuisChina literatureHive box