Beijing’s decision to block Tencent’s Douyu-Huya merger deal marks end of freewheeling internet era in China

//Beijing’s decision to block Tencent’s Douyu-Huya merger deal marks end of freewheeling internet era in China

Beijing’s decision to block Tencent’s Douyu-Huya merger deal marks end of freewheeling internet era in China

The Chinese government had never said no to a merger deal in the country’s technology sector until last Saturday when the State Administration for Market Regulation (SAMR) blocked Tencent Holdings’ plan to merge Douyu and Huya, two video game live-streaming websites it controls.Analysts says Beijing’s veto is a clear sign that the Chinese authorities are no longer shy to act on antitrust issues, putting an end to a freewheeling era in which Big Tech companies were able to engage in aggressive…

Article by [author-name] (c) Big Tech - South China Morning Post - Read full story here.

By | 2021-07-18T23:00:14+00:00 July 18th, 2021|Technology|Comments Off on Beijing’s decision to block Tencent’s Douyu-Huya merger deal marks end of freewheeling internet era in China