Shanghai: China has launched a multi-branch attack on its technology company, threatening to curb their ability to register in the US, trying to tighten the regulations on the use of their algorithms and override their cloud computing businesses in big cities.
In other movements, Beijing has also been cracked with what is described as a culture of celebrity fans “chaotic”, forcing new restrictions on controlled content in China.
Moves further Behemoth Chinese technology clips such as Alibaba and Tencent Holdings groups and have unlucky investors, hammering Chinese shares.
China is a framing rule to forbid internet companies that their data is considered a potential security risk of listings abroad, someone who is familiar with the problem.
Because the Chinese technology sector has grown in size and advantage, Beijing is increasingly alert to its influence and controlled data mountains.
In a movement that refined the concern, Tianjin, a city lying in South Beijing, told the city government to migrate data from the clouds run by private operators such as Alibaba and Tencent to the staterun system in 2022.
Cyberspace China administration said On Friday it also tightened the algorithm supervision.
China targets our IPO, use cloud, algorithm
