News Snapshot:
China Reins In Internet Platforms Like Tencent, ByteDance; Asks Them To Strengthen Compliance With Regulations Posted on May 11, 2021 by Jessica Walker 0 Comments 0 Chinese regulators have summoned at least 13 internet platforms whose finance divisions are growing at a fast pace. Wide-ranging restrictions have been imposed on these companies, including ByteDance and Tencent. The move is part of China’s effort to rein in a massive internet ‘platform economy.’ Several of the curbs imposed on these companies are the same as those against Jack Ma’s Ant Group. These companies are involved in a whole range of e-commerce activities...
