By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Asian Tech Giants Face Increased Regulatory Scrutiny
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
e-CommerceFintechSocial Media

Asian Tech Giants Face Increased Regulatory Scrutiny

Rary Maharani
Last updated: March 20, 2024 3:20 am
Rary Maharani
Share
2 Min Read
SHARE
  • Asian tech giants face increased regulatory scrutiny due to shifting political and security priorities.
  • Regulators are imposing more severe penalties, moving beyond fines to impact revenue lines.
  • Tech firms must invest in compliance, transparency, and local presence.

Contents
Regulatory shifts due to politics and Western influenceRegulators move beyond fines

Regulatory shifts due to politics and Western influence

Asian tech giants, including Shopee, TikTok, and Paytm, have recently faced heightened regulatory scrutiny due to shifting national priorities and the influence of developments in the West.

China’s crackdown on its tech sector exemplifies how political and security concerns have taken precedence over rapid economic growth.

Similarly, countries like Indonesia and India have taken action against tech firms ahead of their respective elections, potentially to garner public support and minimize risks.

Regulators move beyond fines

Regulators across Asia have intensified their scrutiny of tech companies, moving beyond imposing fines to more severe penalties. The Reserve Bank of India’s clampdown on Paytm Payments Bank, essentially shutting down its operations, demonstrates a shift towards stopping revenue lines to drive home the regulator’s disapproval.

In Singapore, the Competition and Consumer Commission has taken a more heavy-handed approach in scrutinizing Grab’s proposed acquisition of Transcab, following criticism of its handling of the Grab-Uber merger in 2018.

The increased regulatory scrutiny presents both opportunities and challenges for the tech industry. While some companies may benefit from their competitors’ troubles in the short term, the long-term effects on investment sentiment and new entrants could be chilling.

To navigate this new reality, startups and established tech firms alike must adapt by investing more in compliance, risk management, and transparency, establishing a strong local presence in target markets, and engaging in effective lobbying activities when necessary.

To read the original article: https://www.techinasia.com/asian-tech-feels-heat-regulators-bare-teeth

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article Telegram Founder Announces Profitability and IPO Plans
Next Article Bridging the Gap: How Thailand Can Overcome its Venture Capital Shortcomings

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

Culture

Former Google Manager Critiques Failed Leadership, Bureaucratic Culture

February 12, 2024
Media

DailySocial.id Undergoes Major Restructuring, Entire Staff Exits

May 2, 2024
AI

Singapore Publishes Draft GenAI Governance Framework

February 17, 2024
Strategy

Leveling the playing field with extroverts

September 11, 2024
Creators

MKBHD Partners with Ridge in Equity Deal, Announces Scott Van den Berg

March 1, 2024
e-CommerceStartups

B2B E-commerce Struggles Signal Challenges Ahead

February 12, 2024
Travel

The Future of Travel: How Technology is Reshaping Tourism

March 4, 2024
e-CommerceStartups

Richard Armstrong says Get Ready for the Tech Boom in Emerging Markets

February 12, 2024
AITravel

SWAT Mobility Fuels Expansion with $3.8M Raise, Profits in Sight

April 24, 2024
e-Commerce

India’s Quick Commerce Boom, Delivering Convenience in Minutes

July 15, 2024
AIStrategy

Ranvir Singhsachakul Explores the Future Symbiosis of BI and AI

February 15, 2024
e-Commerce

Temu Among Fastest-Growing Large Websites in 2023

February 12, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?