bullish
Algorithm Regulation on China Internet Is A Slap on the Wrist
162 Views28 Nov 2024 05:06
SUMMARY
- Chinese government launched a special regulation to address algorithm of major Internet platforms, outlining 21 rectification requirements, which impacted Meituan, TRIP.com, and social media companies;
- However, The rectification measures focused mostly on user operation, algorithm registration, and compliance, with an aim to strengthen government control over public opinion, but not on monetization;
- We maintain that Chinese government needs the Internet platforms to boost consumption and employment, as manifested by Premier Li Qiang's recent labeling of Internet as New Quality Productivity Force.
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