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China antitrust: Anti-corruption watchdog says negative impact on Big Tech will be short-lived

The Chinese Communist Party’s top disciplinary watchdog said that Beijing’s ongoing campaign against monopolies will “have a negative impact on Big Tech in the short term, but will be the best choice in the long run”. The article, published Saturday on the website of the Central Commission for Discipline Inspection (CCDI), comes days after the Ministry of Industry and Information Technology (MIIT) summoned representatives from a slew of internet giants – including the likes of Alibaba Group Holding, Tencent Holdings, ByteDance, Baidu, Huawei Technologies Co, Xiaomi and NetEase – to order them to stop blocking website links to each other’s platforms by September 17, according to Chinese media outlets 21st Century Business Herald and Xiaoxiang Morning Herald .…

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