BEIJING - Following a series of high-profile crackdowns on China’s tech giants over the past two years, the worst appears to be over.
Last week, a top regulatory official said in an interview that the “rectifying” of bad practices by big tech firms is “basically complete”. Meanwhile, China’s top anti-graft watchdog, the Central Commission for Discipline Inspection (CCDI), notably left out the mention of “platform companies”, a catch-all term referring to tech firms, in a statement following its first meeting of the year.
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