If you’re one of the public servants working for China’s State Administration for Market Regulation, or SAMR, you may have been racking up a lot of overtime in the past few months!
The latest development is that the SAMR plans to classify China’s mega platforms—those with at least 500 million annual active users and a RMB 1 trillion (USD 156 billion) valuation—as “super platforms.”
That fancy name comes with strings attached. In short, the bigger you are, the more eyes will be watching you.
There’s little doubt that web-based platforms have shaped people’s behaviors. Maybe we buy more things, travel farther, or explore new experiences that would otherwise not be presented to us. But there is also the feeling that we have a little less control over some aspects of our lives. The idea of constantly being parsed by algorithms is prevalent.
Anyway, the tech companies that have built these portals of convenience and ease and efficiency will likely be scrutinized even more than before. Jiaxing had the story. You can check it out here.
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