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New Enforcement Actions and Proposed Laws Signal A New Era for China's Internet Giants


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 Lu , Yale Daum , Supchina Lucas Niewenhuis , Shen Weiwei , Kendra Schaefer , Nikki Sun , China Ministry Of Industry , Ant Group , Administration Of Market Regulation , Information Technology , China Internet Finance Forum On , Administration For Market Regulation , Consumer Association , Lucas Niewenhuis , China Literature , Hive Box , New Classics Media , China Post Smart Logistics , State Administration , Market Regulation , Asian Nikkei Review , Huawei Technologies , Nikkei Asia , Beijing Consumer Association , Vice News , Personal Information Protection Law ,

Should You Sell Baidu's Stock After Its Recent Rebound?


Baidu s (NASDAQ:BIDU) stock recently hit a two-year high after a series of positive developments. First, the company s third-quarter report in November suggested its core advertising business was stabilizing, which sparked several upgrades from analysts. Chinese regulators then drafted new antitrust rules that seemingly affected
Tencent (OTC:TCEHY) more than Baidu.
Baidu also boosted its existing buyback plan from $3 billion to $4.5 billion this month, and a recent Reuters report suggested it might start producing its own electric vehicles to complement its driverless efforts. Those headlines all buoyed Baidu s stock but should investors chase its recent rally, or take profits instead? ....

Tencent Wechat , Sf Holding , Smart Mini Programs , Wechat Mini Programs , Intime Retail , New Classic Media , China Post Smart Logistics , எஸ் எப் வைத்திருத்தல் , புத்திசாலி மினி ப்ரோக்ர்யாம்ஸ் , வெச்சாட் மினி ப்ரோக்ர்யாம்ஸ் , நேர சில்லறை , புதியது செந்தரம் மீடியா , சீனா போஸ்ட் புத்திசாலி தளவாடங்கள் ,

China fires fresh shot at Alibaba, Tencent over internet monopoly


China fires fresh shot at Alibaba, Tencent over internet monopoly
Quartz
12/14/2020
© Provided by Quartz
An Alibaba Group logo during Singles Day 2019
Last month, Chinese tech giants saw nearly $290 billion wiped off their market value, after China’s top market regulator released draft rules intended to prevent internet monopolies. Now Chinese anti-trust regulators have sent another warning likely to deepen investor fears about the new approach Beijing is taking to its tech giants.
The country’s top markets regulator, the State Administration of Market Regulation (SAMR), said in a statement (link in Chinese) today (Dec. 14) that it has fined three tech companies 500,000 yuan ($76,000) each for their failure to report past deals for anti-trust reviews under a 2008 anti-trust law. ....

Jack Ma , Department Of Justice , Quartz An Alibaba Group , Ant Group , House Judiciary Committee , Administration Of Market Regulation , Ali Baba Group , Singles Day , State Administration , Market Regulation , Intime Retail , New Classics Media , Hive Box , China Post Smart Logistics , பலா மா , துறை ஆஃப் நீதி , குவார்ட்ஸ் ஒரு அலிபாபா குழு , எறும்பு குழு , வீடு நீதித்துறை குழு , அலி பாபா குழு , ஒற்றையர் நாள் , சந்தை ஒழுங்குமுறை , நேர சில்லறை , புதியது கிளாசிக் மீடியா , ஹைவ் பெட்டி , சீனா போஸ்ட் புத்திசாலி தளவாடங்கள் ,