Recently, Chinese regulators hit Alibaba with a $2.8 billion fine in its anti-monopoly investigation, which amounts to about 4% of the company’s 2019 domestic revenue. China’s leading internet companies, such as Baidu, ByteDance, and JD.com also issued commitments to obey antitrust laws and conduct self-inspections. Even though the “Anti Monopoly Law of China” came into effect in 2008, we did not see a glimpse of any major action being taken by regulators until very recently when they slapped Alibaba with the huge fine. What’s the trigger for these regulations? What are the reactions from the public and what impact has it created in the ecosystem? Will the regulation be detrimental to innovation or helpful in fostering competition? Today, we invite our guest Rui Ma, founder of Tech Buzz China and former Investment Partner at 500 Startups, to discuss these questions in detail on our show. Rui has fifteen years of experience in technology and finance, spanning seed stage to pre-IPO investing spread evenly between the U.S. and China.
Today, we invite our guest Rui Ma, founder of Tech Buzz China and former Investment Partner at 500 Startups, to discuss these questions in detail on our show. Rui has fifteen years of experience in technology and finance, spanning seed stage to pre-IPO investing spread evenly between the U.S. and China.
Show Notes:
1:51 Introduction to Rui Ma
2:01 The anti-monopoly policy in China
3:28 The reason why Chinese Internet ecosystems don’t collaborate
5:03 Does the regulation help with the competition
8:35 The case of Qihu360 and Tencent
11:10 What triggered the recent regulation
13:29 Public reaction towards the regulation
18:30 The regulation’s impact on entrepreneurs
20:17 Will the fine drive new changes in tech giants
24:50 How China is catching up with other markets
28:45 Will the regulation be detrimental to innovation
33:35 How to contact Rui Ma
Many thanks to our guests Rui Ma; host Oscar Ramos; producers Eva Shi and Sagar Chaudhary; editor David; organizer Chinaccelerator; and sponsor People Squared. Be sure to check out our website www.chinaccelerator.com
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