BEIJING—Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming. Instead, eager to pre-empt authorities, they’ve decided to “self-correct”, imposing restrictions on, or even walking away from their own businesses. KE Holdings, China’s largest platform matching buyers and sellers of real estate,…
Chinese Tech Firms ‘Self-Correct’ to Avoid Potential Regulatory Fury
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