China requires 'self-correction' of monopolistic behaviour by 34 local web giants • The Register
SAMR will follow up with inspections and any companies it finds still using anti-competitive practices “will all be severely punished in accordance with the law.” Chinese journalist Zichen Wang, who writes an English-language blog that interprets Chinese policy, wrote that SAMR wants to stamp out the following activities: “Er xuan yi,” literally, “choose one out of two,” meaning punishing merchants from selling on rival platforms; Abuse dominant position in the market; Buying out leading but small entrants to a burgeoning market; Burning through cash to grab market share in commun...
Source: theregister.com