Chinese internet companies should innovate, promote social values – state media

SHANGHAI, Aug 20 (Reuters) – Internet technology companies should seek new development and innovation methods, despite tougher supervision, and are encouraged to assume social responsibilities and promote social values, a state media outlet said on Friday.

“In enhancing internet supervision, ‘labour pains’ are inevitable but it brings opportunities,” said Wang Yichen in a commentary in the Economic Daily, which is run by China’s State Council.

“Enterprises that are truly competitive, have good corporate culture and constantly create economic and social values will continue to prosper.”

The comments come amid tightening regulatory control by Beijing over an array of industries including

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