News Snapshot:
Chinese regulators rein in online platforms The authorities said the aim was to prevent monopolistic behaviour and the disorderly expansion of capital Chinese regulators have called on 13 online platforms to adhere to tighter regulations in their financial divisions, as part of a wider push to rein in China’s tech giants. They include Tencent and ByteDance, the parent company of TikTok. The authorities said the aim was to prevent monopolistic behaviour and the “disorderly expansion of capital”. For many years, Beijing took a hands off approach to encourage the tech platforms to grow. But official scrutiny of their platforms has...
