What’s going on with Chinese tech giants’ limitations?
China has suddenly become unhappy with the expanding activity of its tech giant companies, including Alibaba – just meager weeks after the clash between tech giants of the US and US government began.
The new rules Chinese regulatory bodies impose on those companies include limitations for online trade platforms, resulting in limiting special offers, discounts below the prime cost of goods, and treating different partners differently by offering more individualization. The large ‘equation’ may sound economically expedient but not revenue-bringing for retailers.
We also have written lately about the world’s biggest IPO of Ant Group that had to bring tens of billions – it was very abruptly derailed by the Chinese officials, which proclaimed new rules of work for Chinese tech giants.
Such steps in China and also in the US signify that regulatory bodies all over the world are aimed to tighten IT development and online sales even though it does not immediately result in restrictions today. At least, the US tech giants have no longer to be panicky afraid of the uprising of Chinese competitors, as now they are also in the clutch.