China looks to clip the wings of internet giants

China looks to put an end to monopolistic practices in the internet industry with a detailed regulation that aims to curtail the growing influence of corporations like Alibaba and Tencent, Bloomberg reported.

The country’s antitrust watchdog is seeking feedback on a raft of regulations that establish a framework for curbing anti-competitive behaviour.

The rules also restrict targeting specific customers through their online behavior, besides forcing the violators to divest assets, open up their infrastructure and adjust their algorithms.

The latest proposal follows heightened scrutiny of tech companies worldwide.