China's proposed antitrust guidelines aim to curb runaway growth of its own Big Tech darlings.The guidelines put forth by the State Administration for Market Regulation cover anti-competitive behavior such as colluding on customer data, differential algorithmic pricing, and alliances that stifle competition. They may also control how Chinese tech firms attract foreign investment and control their ability to list overseas.
China's tech firms have tried hard to decouple themselves from the historically tight relationships of state-owned enterprises, pushing back against state oversight. Ant Group has begun emphasizing its technology platform, dropping "finance" from its name to position itself as a partner—rather than competitor—to the state-owned banks its scale now overshadows.
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