“China’s anti-monopoly laws were first passed in 2007, almost a century after the US Sherman Act of 1890, the Clayton Act of 1914 and the Federal Trade Commission Act of 1914. It’s also worth noting that Alibaba was founded in 1999, Tencent in 1998 and Baidu in 2000 — all ahead of anti-monopoly laws. Laws themselves also aren’t enough, and the State Administration of Market Regulation (SAMR) was established in April 2018 with holistic coverage to enforce the legislation.”
Great article on what to make of the regulatory crackdown drama going on in Chinese tech – from education firms being forced to go non-profit to the botched listing of cab-hailing firm Didi.
