Chinese Tech Firms ‘Self-Correct’ to Avoid Potential Regulatory Fury

Chinese Tech Firms ‘Self-Correct’ to Avoid Potential Regulatory Fury
The logo of housing platform Beike, owned by KE Holdings, is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China, on July 8, 2021. Yilei Sun/Reuters
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BEIJING—Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming.

Instead, eager to pre-empt authorities, they’ve decided to “self-correct”, imposing restrictions on, or even walking away from their own businesses.