In April, regulators made international headlines by handing out harsh penalties to major tech companies, such as an 18.2 billion RMB ($2.8 billion) antitrust fine levied against Chinese e-commerce giant Ali Baba. Then in July, the Cyberspace Administration of China opened an investigation into ride-hailing app Didi, just days after its initial public offering raised $4.4 billion, and ordered app stores in China to remove Didi's app. So far, the Chinese government has unleashed at least 50 regulatory actions — mostly affecting tech companies — in recent months, according to The Economist.