The Cyberspace Administration of China (CAC)—the country’s internet watchdog—said last week that over 30 Chinese apps, including ones from tech giants like Tencent Holdings and TikTok owner ByteDance, shared their algorithm details. (South China Morning Post)
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The Cyberspace Administration of China (CAC)—the country’s internet watchdog—said last week that over 30 Chinese apps, including ones from tech giants like Tencent Holdings and TikTok owner ByteDance, shared their algorithm details. (South China Morning Post)
Talking Point: The unprecedented move comes amid the Chinese government’s wide-ranging crackdown on the technology and private sector, which began last year. The CAC released guidelines last year banning the use of algorithms that “encourage addiction or high consumption,” while new regulations introduced in March force app makers to allow consumers to decline personal recommendations by their services. The uncertain regulatory environment, compounded with the effects of the tech downturn, have been felt in the Chinese tech space. Japanese conglomerate SoftBank lowered its stake in Alibaba from 23.7 per cent to 14.6 per cent just last week.
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