Beijing hints at continued regulatory crackdown on tech giants

People visit a Tencent booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China on Sept 3, 2021.
People visit a Tencent booth at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China on Sept 3, 2021. PHOTO: REUTERS

BEIJING - Top Chinese officials this week hinted at continued enforcement against China's tech giants to create a fairer marketplace for smaller players, as it embarks on a drive towards "common prosperity".

As Beijing attempts to better regulate several industries, including technology, private education and entertainment, investors have been spooked by the rapid pace of policy changes.

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