China’s Big Tech: From Free Development to Strict Regulation

... economic development a new impetus. The plan envisaged lowering barriers for tech companies’ IPOs, accelerated construction of digital infrastructure and related high-tech manufacturing facilities, and introducing cloud computing technologies and big data into the work of governmental bodies. The leaders of tech companies increasingly influenced the opinions of China’s top state officials. Tencent’s founder Ma Huateng, for instance, became a member of the National People’s Congress. Incidentally ...