China’s new rules for VIEs leave tech companies in unchartered territory

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Big tech in China is getting fined left and right. Some companies, particularly those that operate in fintech, are in the process of restructuring their businesses based on instructions from the government. An overlooked consequence of the crackdown on antitrust business moves in China is that variable interest entities, or VIEs, have finally been folded into the legal system. This…
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