China will be tightened on online companies: after Alibaba, now many tech companies are targeted for Jinping!

China's communist government has directed to take strict action on tech companies soon.

After Chinese businessman Jack Ma's company Alibaba and Ant Group, now the Chinese government can tighten up other tech companies as well. Chinese President Xi Jinping has indicated that his government will take a more strict stance against the platform companies (online companies) that have captured data and market forces. It is believed that the month-long action on China's Internet sector is just the beginning.

President Xi Jinping held a meeting with the Chinese Communist Party's top financial advisors and coordination committee. In this, Jinping has ordered the regulators to monitor Internet companies and take strict action against the monopoly. Jinping has directed that healthy competition in the market should be promoted and capital expansion should be prohibited.

What is the meaning of platform company and platform economy

The term platform company is being widely used for mobile and internet companies that offer services ranging from cab service to food delivery, e-commerce, digital transaction platforms. The number of customers of these companies is in crores and they generate billions of dollars of business which is being called platform economy.

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