This week, there has been a sharp crash in share prices of prominent Chinese tech companies. Over the past few months, a steady expansion of government regulation has led to a heavy decline in market capitalisation of China<\/a>’s big tech companies. 2021年2月以来,中国科技公司已经失去了超过8000亿美元的市场价值。印度科技公司意识到这些发展将为他们创造了前所未有的机遇。 本周,股价暴跌,中国知名的科技公司。在过去的几个月里,政府监管的稳定扩张导致了巨大的市值下降中国大型科技公司。
Since February 2021, Chinese tech companies have lost more than $800 billion in market value. Indian tech companies are aware that these developments will create unprecedented opportunities for them.
Beijing cracks down hard<\/strong>
What is happening in China? Since late last year, the Chinese government has been taking regular measures to address issues like violation of anti-trust law, unfair market practices, user data privacy and mishandling user data by tech companies.
Some of the country’s largest big tech companies like the Alibaba group<\/a>, DiDi, Tencent Holdings<\/a>, and ByteDance<\/a> have come under government scanner for alleged violations. For instance, Tencent’s WeChat, China’s largest messaging app, has temporarily suspended registering new users due to ongoing upgrades for compliance with new security regulations.
Because New Delhi cracked down<\/strong>
The genesis of regulatory actions by the Chinese government lies in the domino effect of steps taken by India since last summer. In June 2020, the Indian government took a proactive step to ban numerous Chinese apps due to data security and privacy concerns.
In national interest, the government even banned popular apps like TikTok<\/a> and PubG<\/a> that boasted of millions of users in the country. India’s actions started a global debate over potential security threats from Chinese big tech.
The then US President Donald Trump took a similar action and banned multiple Chinese apps including TikTok in America. The Joe Biden administration replaced the blanket ban last month with a strict framework for ensuring compliance with data security norms and maintaining user privacy.
China finally acting on data, privacy<\/strong>
The big question perplexing China watchers across the globe is what led to this sudden spate of aggressive regulatory measures by the Chinese government. After willfully ignoring warnings from tech experts for many years, how did the Chinese government finally realise the perils of lack of data protection and privacy? How are the Chinese suddenly realising that the government needs to ensure data security and user privacy?
The Chinese government could be succumbing to the global pressure generated by actions taken by India. The global debate may have necessitated corrective measures if Chinese tech companies intended to continue operations domestically as well as in foreign markets.
China’s regulatory actions are likely to usher in a paradigm shift in the technology sector globally. Essentially, market expansion and success of tech companies will become contingent on their ability to comply with legal provisions for user privacy, data sharing and fair market practices.
A churn could occur across the globe as some companies will adapt to the ‘new normal’ and survive and others will fail to do so and lose their customer base. While ‘ethical tech’ will be able to fulfil legal requirements and expand, ‘unethical tech’ will face serious hurdles.
Big moment for Indian startups, IT<\/strong>
The rise of ‘ethical tech’ will be a golden opportunity for the Indian IT sector and tech startups. Why? India has a good track record in regulating big tech, particularly in privacy and data protection. Indian companies have operated in that environment and have a good compliance record. That makes them attractive for both global markets and global capital, as evidenced by the recent Zomato<\/a> IPO.
The actions of Chinese government could kickstart a flight of capital and there is little doubt that India’s ‘ethical tech’ sector will be a hot destination for investors. Finally, the crackdown on domain-specific tech companies like online tutoring companies could reduce market competition for Indian companies and open doors to foreign markets and new customers.
Many commentators dismissed the Indian government’s actions against Chinese apps as a myopic reactionary decision taken during an ensuing border tension. They failed to realise that the Indian government had initiated a global battle against unethical tech and their dangerous practices and the results are for everyone to see today.
The writer is founder & CEO, Zoho Corporation<\/a><\/strong>
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观点:中国技术的前提下,印度的技术可以获得
2021年2月以来,中国科技公司已经失去了超过8000亿美元的市场价值。印度科技公司意识到这些发展将为他们创造了前所未有的机遇。
北京打击困难
在中国发生了什么?自去年底以来,中国政府一直采取常规措施解决问题违反了反托拉斯法,不公平的市场行为,用户数据隐私和处理用户数据科技公司。
因为新德里镇压
由中国政府监管行为的成因在于多米诺效应自去年夏天以来,印度采取的措施。2020年6月,印度政府迈出了积极的一步,禁止大量中国应用由于数据安全性和隐私问题。
在国家利益,政府甚至禁止流行的应用程序TikTok和PubG拥有数以百万计的用户。印度的行动开始了全球争论中国大型技术潜在的安全威胁。
当时的美国总统唐纳德·特朗普也采取了类似的行动,禁止中国多个应用程序包括TikTok在美国。乔•拜登(Joe Biden)政府取代了全面禁止上个月和一个严格的框架,以确保遵守数据安全规范和维护用户隐私。
中国最后作用于数据的隐私
全球最大的问题令人困惑的中国观察家是导致突然爆发的由中国政府严厉的监管措施。后故意无视警告科技专家多年来,中国政府终于意识到如何的危险缺乏数据保护和隐私?中国是如何突然意识到政府需要保证数据安全和用户隐私呢?
中国政府可能会屈服于印度采取的行动所产生的全球压力。的全球辩论可能需要纠正措施如果中国科技公司打算继续操作国内以及国外市场。
中国的监管行动可能会迎来一个范式转变的全球科技行业。从本质上讲,市场扩张和科技公司的成功将取决于他们的能力遵守法律规定对于用户隐私,数据共享和公平的市场实践。
全球生产可能发生一些公司将适应“新常态”,生存和其他人将会失败,失去他们的客户基础。而“道德科技”将能够满足法律需求和扩大,“不道德的科技”将面临严重的障碍。
印度公司重大的时刻,它
崛起的“道德科技”将是一个绝好的机会为印度IT部门和科技创业公司。为什么?印度有很好的记录在调节大科技,尤其是隐私和数据保护。印度公司经营环境和有一个良好的合规记录。这使得他们对全球市场和全球资本的吸引力,最近就证明了这一点ZomatoIPO(首次公开募股)。
中国政府的行动可能启动资本外逃,毫无疑问,印度的“道德科技”领域将投资者的热点。最后,打击特定领域的科技公司像在线辅导公司可以减少对印度企业市场竞争和开放的大门,国外市场和新客户。
许多评论家认为印度政府对中国的行动应用程序作为一个近视的反动的决策在随后的边境紧张局势。他们没有意识到,印度政府已经发起了一次全球对抗不道德的技术及其危险的实践和大家今天看到的结果。
作者是创始人和首席执行官,Zoho公司
This week, there has been a sharp crash in share prices of prominent Chinese tech companies. Over the past few months, a steady expansion of government regulation has led to a heavy decline in market capitalisation of China<\/a>’s big tech companies.
Since February 2021, Chinese tech companies have lost more than $800 billion in market value. Indian tech companies are aware that these developments will create unprecedented opportunities for them.
Beijing cracks down hard<\/strong>
What is happening in China? Since late last year, the Chinese government has been taking regular measures to address issues like violation of anti-trust law, unfair market practices, user data privacy and mishandling user data by tech companies.
Some of the country’s largest big tech companies like the Alibaba group<\/a>, DiDi, Tencent Holdings<\/a>, and ByteDance<\/a> have come under government scanner for alleged violations. For instance, Tencent’s WeChat, China’s largest messaging app, has temporarily suspended registering new users due to ongoing upgrades for compliance with new security regulations.
Because New Delhi cracked down<\/strong>
The genesis of regulatory actions by the Chinese government lies in the domino effect of steps taken by India since last summer. In June 2020, the Indian government took a proactive step to ban numerous Chinese apps due to data security and privacy concerns.
In national interest, the government even banned popular apps like TikTok<\/a> and PubG<\/a> that boasted of millions of users in the country. India’s actions started a global debate over potential security threats from Chinese big tech.
The then US President Donald Trump took a similar action and banned multiple Chinese apps including TikTok in America. The Joe Biden administration replaced the blanket ban last month with a strict framework for ensuring compliance with data security norms and maintaining user privacy.
China finally acting on data, privacy<\/strong>
The big question perplexing China watchers across the globe is what led to this sudden spate of aggressive regulatory measures by the Chinese government. After willfully ignoring warnings from tech experts for many years, how did the Chinese government finally realise the perils of lack of data protection and privacy? How are the Chinese suddenly realising that the government needs to ensure data security and user privacy?
The Chinese government could be succumbing to the global pressure generated by actions taken by India. The global debate may have necessitated corrective measures if Chinese tech companies intended to continue operations domestically as well as in foreign markets.
China’s regulatory actions are likely to usher in a paradigm shift in the technology sector globally. Essentially, market expansion and success of tech companies will become contingent on their ability to comply with legal provisions for user privacy, data sharing and fair market practices.
A churn could occur across the globe as some companies will adapt to the ‘new normal’ and survive and others will fail to do so and lose their customer base. While ‘ethical tech’ will be able to fulfil legal requirements and expand, ‘unethical tech’ will face serious hurdles.
Big moment for Indian startups, IT<\/strong>
The rise of ‘ethical tech’ will be a golden opportunity for the Indian IT sector and tech startups. Why? India has a good track record in regulating big tech, particularly in privacy and data protection. Indian companies have operated in that environment and have a good compliance record. That makes them attractive for both global markets and global capital, as evidenced by the recent Zomato<\/a> IPO.
The actions of Chinese government could kickstart a flight of capital and there is little doubt that India’s ‘ethical tech’ sector will be a hot destination for investors. Finally, the crackdown on domain-specific tech companies like online tutoring companies could reduce market competition for Indian companies and open doors to foreign markets and new customers.
Many commentators dismissed the Indian government’s actions against Chinese apps as a myopic reactionary decision taken during an ensuing border tension. They failed to realise that the Indian government had initiated a global battle against unethical tech and their dangerous practices and the results are for everyone to see today.
The writer is founder & CEO, Zoho Corporation<\/a><\/strong>
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