The Chinese authorities are increasing their oversight of the country’s large Internet platforms.
The publication of the Draft Measures for the regulation of online trading (网络交易监督管理办法 – 征求意见稿) by China’s State Administration for Market Regulation China’s version of a global regulatory effort to prevent and to sanction some abusive practices which stem from the Platforms market power and dominant positions. The latest regulations put their focus on multihoming and other principles which are key for ensuring a fair competition in the digital age. Article 31 of the Draft Regulations prohibits abuses of market dominance by online trading operators.
Tag: Ali Baba
Ant Group’s IPO could beat the record set by SaudiAramco’s $29.4 billion landmark IPO in late 2019. But whereas Saudi Aramco is struck in a sunset industry with little growth potential over the long term, Ant Group is spearheading a business and technology revolution with far reaching consequences for China and for the rest of the world.