New Chinese competition rules make Alibaba and Tencent a scary investment

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China has tightened the rules for internet companies in an attempt to stop unfair competition. This was shown on Tuesday by draft documents from the supervisor, according to local media.

It is mainly about how companies are allowed to handle user data. Among other things, the use of fake reviews is restricted and the removal of negative reviews should no longer be allowed. The use of algorithms must also comply with new rules.

Internet giant Tencent, in which Western investment funds hold shares, fell more than 4 percent on Tuesday. Alibaba showed a similar loss.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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