China Deals Fresh Blow to Tech Giants in Reach for Data
- Alibaba, Tencent control vasts amounts of consumer data
- Beijing has stepped up antitrust regulation of tech firms
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China called on its technology giants to share key data, dealing a further blow to the companies already reeling from heightened antitrust scrutiny.
Companies are encouraged to open up data related to areas from search to e-commerce and social media, in order to promote the healthy development of the sharing and online economies, according to a government report outlining the Communist Party’s top priorities for the next five years. Beijing is also establishing a platform for sharing public and government data.