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Private equity firms revise China strategy as regulatory crackdown widens
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PE-VC firms pivot to less vulnerable sectors as China s regulatory crackdown widens
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Китайские компании остались без денег из-за репрессий властей
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How does Beijing define a monopoly? Could one be a national company 1 with a 48% market share in the economically booming southern province of Guangdong and just 10% in the far northern rust belt of Heilongjiang be one? It’s unclear, and that ambiguity risks destroying China’s tech-enabled social infrastructure with a new campaign to cut giant businesses down to size.
The investigations into alleged monopolistic practices of Alibaba Group Holding Ltd. and the big sway of Ant Group Co. have been accompanied by sharpening various antitrust regulations. The latest central bank definitions would make an institution with more than half the market in national payments (including online and mobile) a monopoly. That follows November guidelines that zeroed in on several practices, including the controversial “picking one from two” where e-commerce merchants are forced to choose a single marketplace for exclusivity. When it comes to monopolies, it’s important to ask how targ