July was turbulent for China’s tech companies. It seemed like no sector was spared in regulators’ quest to redefine the way in which companies could operate. Didi was probed by officials from seven agencies. China’s edtech sector is nearly completely dismantled. Tencent Music Entertainment has been stripped of exclusive music rights. Delivery drivers have just a bit more protection than before.
Regulatory forces are enforcing profound changes that affect every major company and the business sectors they operate in. Altogether, what does it all mean for China’s tech ecosystem?
In this episode, we will provide a recap of the facts and consequences of this regulatory enforcement. We'll be covering:
- The timeline of key events.
- Some motivations behind enforcement: Breaking monopolies and curbing disorderly expansions.
- A new direction: What are the regulators’ goals?
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Morning Briefing is a fortnightly China market presentation by KrASIA. Learn more at https://subscriber.kr-asia.com/morningbriefing.