Senators introduced a bipartisan bill Wednesday that seeks to rein in the control Google and Apple Inc. have over their respective mobile-app stores, part of a larger wave of antitrust legislation in congress. Read More...
Reuters
Chinese tech firms ‘self-correct’ to get ahead of potential regulatory fury
Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming. KE Holdings, China’s largest platform matching buyers and sellers of real estate, is one such example. The decision to pull the plug on the VIP services was not prompted by a regulatory request but KE, which is currently the subject of an antitrust probe https://www.reuters.com/world/china/exclusive-china-launches-antitrust-probe-into-tencent-backed-property-broker-ke-2021-05-25, had wanted to move “proactively” and “voluntarily”, said the people who declined to be identified as KE has not publicised its actions.
