Several months ago, Sequoia Capital China, a venture capital firm, noted that traffic had dropped dramatically on Chinese websites in which it had invested, including Toutiao, a news provider, Sina Weibo, a news and microblogging site, and online education courses. "Every business has been affected," complained one venture capitalist. "It's about competing for time."
Gaming triumph not such a winner for China's Tencent
Social and political backlash underlines regulatory dangers for internet giants