A great example of this is how they handled digital payments. While Visa and Mastercard maintain a monopoly in the West, China faced a similar situation when private mobile payment systems began dominating the market. In response, the government stepped in and forced the ecosystem to open up to competitors.
The relationship between Tencent/Bytedance/Alibaba is what happens when there are no monopoly laws or they are ineffective: every company fighting tooth and nail to corner every market with a single "super-app". No specialization at all and many races to the bottom, like the recent war between Alibaba, JD and Meituan over instant delivery that made every company involved lose a lot of money.
In China, this kind of corporate driven censorship doesn't happen. Tech corporations like WeChat and Alipay don't control the payment routing that is run by the state's central network. A merchant just needs a bank account and a QR code, and any customer can use it to pay them. The private apps cannot arbitrarily decide to block a legal merchant based on corporate politics or moral stances.
By legal platforms or creators I suppose you mean the dispute between card processors and platforms like steam, pixiv, dslite, etc about nsfw contents like anime child porn? Those stuff are already banned in China long time ago.
To give a real example of how China bans stuff, take ByteDance as an example. It used to run a joke sharing app roughly translates into Subtle Jokes that is on par with TikTok in terms of popularity. Then one day CCP decided it did not like it, then poof it's gone overnight. The founder issued a public apology and promised to almost double their censorship department in the future. Comparing to the TikTok case in the US, we got what? The funny-yet-pathetic legal tic-tac-toeing of Singaporean-not-Chinese nonsense. There is just fundamental difference in the scale and efficiency of censorship.
People all over the world have often revolted to get some enterprises state run (nationalizing) and were often punished or even bombed for it.
All the other services and products I use in my life, from the car I drive to the clothes on my back, the food I eat and the device I write this on are provided by private enterprise and they have become much better and cheaper in my life time.
