Arthur T Knackerbracket has found the following story:
China has proposed new regulations aimed at curbing the power of its biggest internet companies.
The regulations suggest increasing unease in Beijing with the growing influence of digital platforms.
The new rules could affect homegrown tech giants like Alibaba, Ant Group and Tencent, as well as food delivery platform Meituan.
The move comes as the EU and the US are also seeking to curb the power of internet giants.
Chinese tech shares were sharply lower after the proposed regulations were released on Tuesday.
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China to Clamp Down on Internet Giants
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(Score: 0) by Anonymous Coward on Thursday November 12 2020, @06:48AM (1 child)
Tencent? Ooooh, my tech giant go to elevencent!
(Score: 0) by Anonymous Coward on Thursday November 12 2020, @09:13PM
Is that tech giant spelled using Alphabet?
(Score: 2) by legont on Thursday November 12 2020, @01:06PM (6 children)
Just asking...
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 2, Touché) by Anonymous Coward on Thursday November 12 2020, @02:35PM (2 children)
Is there something particularly un-communist about a large central government body micromanaging the operations of businesses?
(Score: 2) by DeathMonkey on Thursday November 12 2020, @06:34PM (1 child)
Micromanage != Government Ownership. Government ownership of the means of production is sort of an important part of that whole communism thing.
(Score: 1, Touché) by Anonymous Coward on Thursday November 12 2020, @06:44PM
https://en.m.wikipedia.org/wiki/Enterprises_in_the_Soviet_Union [wikipedia.org]
I'm not interested in getting into a semantic argument, because I'm not a communist.
(Score: 0) by Anonymous Coward on Thursday November 12 2020, @03:31PM (2 children)
They're still communist for the most part. Not hugely marxist, trotskyist, stalinist, or even maoist any more, but they're definitely not practicing any kind of free market capitalism, unless you count state capitalism.
(Score: 1, Troll) by DeathMonkey on Thursday November 12 2020, @06:36PM (1 child)
They're only Communist by the Fox "News" definition: anything they don't like.
(Score: 1, Touché) by Anonymous Coward on Thursday November 12 2020, @06:53PM
No, they're also communist by their own definition.
(Score: 1, Insightful) by Anonymous Coward on Thursday November 12 2020, @04:43PM
And in response, tech companies request more H1B visas to bring them to America. What's the opposite of clamp down? Wide open and sucking tiny yellow cock.
(Score: 0) by Anonymous Coward on Thursday November 12 2020, @06:36PM
that is all.
(Score: 2) by DeathMonkey on Thursday November 12 2020, @06:38PM
Could you imagine if they decided to completely ban Twitter, Facebook and TikTok?
Man, what a totalitarian move that would be!