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Most popular Chinese concept stocks closed higher on Friday, Pinduoduo rose more than 15% – yqqlm-breakinglatest.news-Breaking Latest News

Most popular Chinese concept stocks closed higher on Friday, Pinduoduo rose more than 15% – yqqlm-breakinglatest.news-Breaking Latest News
breakinglatest.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breakinglatest.news Daily Mail and Mail on Sunday newspapers.

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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 community group buying;
Discriminating against certain users based on big data;

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