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Internet regulations conform to global trend

Internet regulations conform to global trend
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.

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China Amending Antitrust Anti-Monopoly Law

China Amending Antitrust Anti-Monopoly Law
natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.

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Fine on Vipshop strengthens consumer protection

Fine on Vipshop strengthens consumer protection
By CHENG YU |
China Daily |
Updated: 2021-02-10 09:55
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Employees arrange packages ordered from Vipshop at a warehouse in Qingdao, Shandong province, in November. ZHANG JINGANG/FOR CHINA DAILY
The State Administration for Market Regulation, China s top market regulator, has imposed a 3 million yuan ($464,000) fine on online discount retailer Vipshop on Monday for unfair competition.
The regulator said in an announcement that between August and December last year, the company developed and used an inspection system that obtained information about brands on its platforms and others to gain a competitive edge.
The Guangzhou, Guangdong province-based company embedded a certain technology in its software interface to influence user choices and block the sale of particular brands that limited transaction opportunities and channels of o ....

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China issues anti-monopoly guidelines on platform economy

SOURCE / ECONOMY
Regulators likely to conduct frequent scrutiny on internet platforms
By Global Times Published: Feb 07, 2021 06:35 PM
Photo: VCGThe Anti-Monopoly Committee of the State Council, China s cabinet, introduced a thorough guideline to regulate anti-monopoly practices on Sunday, encouraging business operators in the online platform economy to report any monopolistic moves. It also said that authorities will waive or mitigate penalties if the operators meet certain standards.
The committee did not identify any specific people or companies, but it said that the guideline applies to all industries and treats all types of market entities equally, and the online platform-based economy is no exception. ....

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