China’s Big Tech: From Free Development to Strict Regulation
... economic bloc (along with Premier Li Keqiang), also welcomed businesses to attract financing at both domestic and foreign capital markets. By doing so, Beijing likely wants to revive investor optimism and demonstrate that China is far from anathematizing tech giants. Nonetheless, the already adopted regulatory measures should not be expected to weaken. Given that for the last decade China’s tech sector has been developing practically regulation-free, it is now clear that the past development dynamics ...