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China reins in big internet companies (General)

by dulan drift, Thursday, November 12, 2020, 09:58 (21 days ago) @ dulan drift

This story is interesting coz I'd assumed that China already had big internet companies on a short leash - but apparently not. Guess that tells you how hard it is to keep track of what exactly they're up to.

"China has proposed new regulations aimed at curbing the power of its biggest internet companies.

The regulations suggest increasing unease in Beijing with the growing influence of digital platforms.

The new rules could affect homegrown tech giants like Alibaba, Ant Group and Tencent, as well as food delivery platform Meituan."

Some of the rules sound downright appropriate, which doesn't square with my CCP views too well, but they include:

"stop(ping) companies from sharing sensitive consumer data, teaming up to squeeze out smaller rivals and selling at a loss to eliminate competitors... (They) also take aim at companies that treat customers differently based on their data and spending habits."

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