China fires a fresh regulatory shot at its tech giants


Source: indiatimes.com indiatimes.com

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China fired a fresh regulatory shot at its tech giants on Monday, telling them to end a long-standing practice of blocking each otheru0027s links on their sites or face consequences.The comments, made by the Ministry of Industry and Information Technology (MIIT) at a news briefing, mark the latest step in Beijingu0027s broad regulatorycrackdown https://www.reuters.com/world/china/education-bitcoin-chinas-season-regulatory-crackdown-2021-07-27 that has ensnared sectors from technology to education and property and wiped billions of dollars off the market value https://www.reuters.com/world/china/china-crackdown-wipes-hundreds-billions-off-top-companies-values-2021-09-13 of some of the countryu0027s largest companies.Chinau0027s internet is dominated by a handful of technology giants which have historically blocked links and services by rivals on...