China is proposing to take part ownership of the nation's largest internet companies, as well as subject US tech companies to mandatory reviews, fuelling concern that China is trying to take more control over web and tech firms in the country. “The government still does care very much about stability and security, and are placing a lot more scrutiny on tech firms than in the past to understand how their apps or services are coded so that they can get data if they need to,” says Ben Cavendar of China Market Research. The Chinese government's move comes after it was revealed last month that hackers had stolen personal information from hundreds of millions of users at major American companies.
China is proposing to take part ownership of the nation's largest internet companies, as well as subject US tech companies to mandatory reviews, fuelling concern that China is trying to take more control over web and tech firms in the country. “The government still does care very much about stability and security, and are placing a lot more scrutiny on tech firms than in the past to understand how their apps or services are coded so that they can get data if they need to,” says Ben Cavendar of China Market Research. The move is part of a widespread crackdown on the web by the Beijing government.