China was once seen as too big to ignore for foreign tech giants, but more and more companies are abandoning the market amid tightening regulations and fierce competition with well-funded local rivals. Illustration: SCMP / Lau Ka-kuen
China was once seen as too big to ignore for foreign tech giants, but more and more companies are abandoning the market amid tightening regulations and fierce competition with well-funded local rivals. Illustration: SCMP / Lau Ka-kuen
Regulation

China’s hostile environment for Western tech pushed out Amazon and Airbnb, but competition remains the biggest challenge

  • An increasing number of Western internet firms are calling it quits in the world’s second largest economy, citing Covid-19 and a tougher regulatory environment
  • More recent challenges just tell part of the story, according to analysts, who say platforms like Airbnb, Amazon and Uber were outcompeted by local rivals

China was once seen as too big to ignore for foreign tech giants, but more and more companies are abandoning the market amid tightening regulations and fierce competition with well-funded local rivals. Illustration: SCMP / Lau Ka-kuen
China was once seen as too big to ignore for foreign tech giants, but more and more companies are abandoning the market amid tightening regulations and fierce competition with well-funded local rivals. Illustration: SCMP / Lau Ka-kuen
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