Guan Cong, Zhang Erchi, Zhang Qi, Qian Tong, He Shujing, Anniek Bao and Flynn Murphy. Read more at straitstimes.com.
BEIJING - As US tech CEOs were being grilled last month by the nation's lawmakers over claims their firms' immense power is stifling competition and harming consumers, the ground was also shifting for Chinese tech firms.
Meanwhile at home, as the Chinese tech industry consolidates around an ever-smaller number of key players, there are signs the long-dormant domestic antimonopoly watchdog could finally be ready to move. The company has expended great effort to address enduring allegations that it funnels user data back to the Chinese authorities by building content moderation transparency centres in Singapore, Dublin, Los Angeles and Washington DC, which allow external experts to see how it deals with content on its platform.
Observers said the reason Mayer was hired had more do to with hosing down claims that TikTok answers to Beijing. ByteDance's proprietary algorithms - the secret system it uses to recommend content across its suite of apps - are the key to its apps' wide uptake both at home and abroad. This level of transparency did not stop President Donald Trump signing an executive order on Aug 6 which claimed the app could be used for"disinformation campaigns" that benefit China.
Hometown regulator could get teeth Meanwhile at home, Chinese antitrust regulators are growing increasingly wary of mergers by tech giants as they look for new opportunities in the domestic market amid growing hostility abroad, after the authorities turned a blind eye to their ambitious merger and acquisition plans for years.
They include the purchase of Qunar by Chinese travel giant Ctrip, the merger of Didi and Uber China, and the merger of Meituan and Dianping.com into the Meituan-Dianping platform. Things seemed to shift at the end of July when the State Administration for Market Regulation approved a joint-venture transaction proposed by two VIE-structured companies for the first time since 2012, when Walmart was cleared to buy into online grocery business Yihaodian.
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