China Orders Entertainment and Tech Firms to Stay in Their Lane

Chinese regulators teamed up on Wednesday to issue a volley of orders that will crimp the expansion of the country’s entertainment and tech giants, including Alibaba, Tencent and TikTok-owner Bytedance. The directives came in the same week that the U.S. increased its pushback against some of the same Chinese firms, pointing to security concerns, and a Canadian researcher found the app for athletes at Beijing’s Winter Olympics to be full of security flaws. Nine different departments, including China’s National Development and Reform Commission (NDRC), the State Administration for Market Regulation and the Cyberspace Administration of China, issued joint statements about… Read Full Article