Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019.
Philippe Lopez | AFP | Getty Images
GUANGZHOU, China — China’s technology giants are firmly in the crosshairs of the country’s regulators who are trying to figure out how to create a set of antitrust rules that can keep these firms in check.
Experts say Beijing will need to ensure that its drive for new regulations balances its push to become a global technological leader.
Like in the U.S., China’s tech sector has expanded via a largely unencumbered path. In some areas, regulators have already stepped in and are now stepping up those efforts.
“Like Washington, Beijing has a love-hate relationship with its tech champions,” Kendra Schaefer, a partner at Trivium China consultancy which has offices in Beijing and London, told CNBC.
“On the one