Xinhua: China needs Big Tech to grow but companies should avoid ‘winner takes all’

Source: Tech – South China Morning PostBig Tech companies in China should not expand at the cost of smaller businesses, the state-run Xinhua news agency said in a commentary, providing additional clues on Beijing’s next steps after embarking on an almost year-long regulatory crackdown.“The digital economy should not be ‘winner takes all’,” said the article published on Wednesday. “Platforms must lead and drive the development of small, medium and micro enterprises along the entire industry chain. They should not act as ‘landlords’…Read More

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