Chinese regulators 'want to be more forward-looking'

Chinese regulators are trying to be "more forward-looking" in the tech sector.

That is according to Rui Ma, a China tech analyst and co-host of the podcast 'Tech Buzz China', who made the observation after Alibaba - Jack Ma's e-commerce giant - was fined as much as $2.8 billion by Chinese regulators.

The industry expert told the BBC: "If you read the laws, Chinese regulators are trying to be more forward-looking and think ahead, in an attempt to regulate an industry that is moving so fast.

"They are including the use of algorithms, not just market share. They are trying to understand the platform economy and trying to be in line with what more developed economies are doing."

Alibaba was accused by regulators of abusing its market position over a number of years.

Angela Zhang, an associate professor at the University of Hong Kong, thinks the Chinese authorities have a delicate balance to strike.

She said: "In Chinese there is a phrase, killing the chicken to scare the monkeys. Alibaba will be used as an example, as a lesson for other tech firms to learn from.

"If you put yourself in the shoes of the Chinese leadership, they definitely want economic prosperity. Growth is a major priority of the government. Alibaba's experience will ensure the others fall in line."

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