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China issues new anti-monopoly rules targeting its tech giants

Discussion in 'BBS Hangout: Debate & Discussion' started by saitou, Feb 7, 2021.

  1. saitou

    saitou J Only Fan

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    Good or evil? Overreach or needed regulation? More significant than the regulation is the willingness to use it, vipshop just got hit with a $500k fine.

    It's a hard balance - too much competition may result in no domestic winners/champions strong enough to expand overseas, too little and they get too fat/uncompetitive to expand overseas. There may be political/power motivations here too. Overall this seems like a good opportunity for the newer disruptors to get a bigger slice of the pie - kuaishou, pdd, api etc.
     
    #1 saitou, Feb 7, 2021
  2. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    Maybe they should also focus more on animal rights , because decency and pandemics
     
    #2 LosPollosHermanos, Feb 7, 2021
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  3. saitou

    saitou J Only Fan

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    I'm sceptical, but maybe the esg movement will move the needle on this type of stuff. Talk is cheap but if capital is involved industry will respond.
     
    #3 saitou, Feb 7, 2021
  4. Amiga

    Amiga 10 years ago...
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    The ant man was getting too powerful. Don’t want a repeat.
     
    #4 Amiga, Feb 7, 2021
    Xerobull, Andre0087, superfob and 1 other person like this.
  5. Buck Turgidson

    Buck Turgidson Member

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    They should all be banned from the US market.
     
    #5 Buck Turgidson, Feb 8, 2021
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  6. tinman

    tinman Contributing Member
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    so what exactly is Tencent?
     
    #6 tinman, Feb 8, 2021
  7. saitou

    saitou J Only Fan

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    the monopoly they are trying to control/disrupt. i'm still long tho; it's doubled for me over the last year, and they own 20% of kuaishou.
     
    #7 saitou, Feb 8, 2021
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  8. tinman

    tinman Contributing Member
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    they own lots of stuff, NBA tv rights in China, crap mobile games etc
     
    #8 tinman, Feb 8, 2021
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  9. tinman

    tinman Contributing Member
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    i like that some people here know stuff about stuff
    cause the D&D is full of people who don't understand things
    that's why they are stuck way down here below the classifieds section
     
    #9 tinman, Feb 8, 2021
  10. Nook

    Nook Member

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    The Chinese government is doing this to restrict the power of any corporations in China, as they do not want to have anyone question their authority.
     
    #10 Nook, Feb 8, 2021
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  11. Nook

    Nook Member

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    Yes and Western Europe markets as well.
     
    #11 Nook, Feb 8, 2021
  12. sealclubber1016

    sealclubber1016 Member
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    Letting anybody get too much power is a nono for them.

    CCP is the only power
     
    #12 sealclubber1016, Feb 8, 2021
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  13. SamFisher

    SamFisher Contributing Member

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    Seriously "good or evil" is pretty simple when discussing that particular state actor.
     
    #13 SamFisher, Feb 8, 2021
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  14. calurker

    calurker Contributing Member

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    US bans BP and Shell and breaks up Chevron and Exxon as monopolies.

    -CPC logic
     
    #14 calurker, Feb 8, 2021
  15. rocketsjudoka

    rocketsjudoka Contributing Member
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    I agree with the other posters. This all sounds good on paper but this is the CCP making sure tech companies don't get too powerful or popular that they could counter government restrictions.
     
    #15 rocketsjudoka, Feb 8, 2021
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  16. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    They dropped the dime on the Chinese government.
     
    #16 Xerobull, Feb 8, 2021
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  17. Space Ghost

    Space Ghost Contributing Member

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    almost 1 doge
     
    #17 Space Ghost, Feb 8, 2021
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