China Steps up Tech Scrutiny With Rules Over Unfair Competition, Critical Data

SHANGHAI—The Chinese regime moved on Tuesday to tighten control of its technology sector, publishing detailed rules aimed at tackling unfair competition and companies’ handling of critical data. Beijing has been firming its grip on internet platforms in recent months, citing the risk of abusing market power to stifle competition, misuse of consumers’ information, and violation of consumer rights, in a reversal after years of a more laissez-faire approach. The Chinese regime issued hefty fines to companies including e-commerce giant Alibaba Group and social media company Tencent Holdings as part of a widening crackdown and has vowed to draft new laws around technology innovation and monopolies. On Tuesday, the State Administration for Market Regulation (SAMR) issued a set of draft regulations banning unfair competition and restricting the use of user data. New York-listed shares of Alibaba , JD.com Inc, and Baidu Inc fell between 2.9 percent and 3.5 percent in premarket …

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