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China summons tech giants over internet security

Sumary of China summons tech giants over internet security:

  • Reuters/File BEIJING – Chinese authorities on Thursday summoned 11 tech companies including Tencent, Alibaba, and TikTok parent ByteDance, for talks on internet security— as regulators step up scrutiny on the country’s high-flying firms…
  • Officials have in recent months signaled a tougher stance on the country’s fast-growing tech firms, with 12 companies hit with symbolic fines last week for allegedly flouting monopoly rules…
  • The Cyberspace Administration of China (CAC) said on Thursday that the talks concern “voice software that have yet to undergo safety assessment procedures,”..
  • Authorities last year halted a record $34 billion initial public offering by Alibaba fintech subsidiary Ant Group, then opened an investigation into Alibaba business practices deemed anti-competitive a month later….

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