Chinese network platform companies seeking foreign initial public offerings (IPOs) are already seeing new regulatory measures upon entering the new year. The new rules enable the Chinese Communist Party (CCP) to tighten its grip on China’s technology sector, experts say.
On Jan. 5, the Anti-Monopoly Bureau of China’s State Administration for Market Regulation imposed fines on several big tech firms for violating antitrust regulations, which involved Chinese network platform companies.
