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Chinese regulators order platform businesses to rectify any monopolistic acts

China’s top market regulator, cyberspace administration & state tax administration summon major platform companines to a meeting, ordering them to rectify any monopolistic acts within a month, such as asking merchants to ....

Zhejiang Province Photo , ஜெஜியாங் மாகாணம் புகைப்படம் ,

Chinese regulators order all online platforms to rectify their businesses in unprecedented move

SOURCE / ECONOMY
Rectification order to exert pressure, invigorate market: experts
By GT staff reporters Published: Apr 13, 2021 09:53 PM
Alibaba s headquarters in Hangzhou, East China s Zhejiang Province Photo: IC
China s market regulators on Tuesday issued a one-month ultimatum to all online platforms to troubleshoot their breaches of market competition orders or face severe penalties, in what has been called an unprecedented regulatory move in the country s booming but increasingly problematic online sector.
Although the mandated overhaul could put some pressure on the expansion of e-commerce in the short term, the latest rectification order will invigorate China s market economy, with internet platforms expected to end their runaway expansion over the coming month, industry observers noted. ....

Liu Dingding , Beike Zhaofang , Office Of The Central Cyberspace Affairs Commission , Administration For Market Regulation , Taxation Administration , East China , Zhejiang Province Photo , State Administration , Market Regulation , Central Cyberspace Affairs Commission , State Taxation , Anti Monopoly Law , Didi Chuxing , South China , Guangdong Province , Global Times , அலுவலகம் ஆஃப் தி மைய மின்வெளி வாழ்க்கைத்தொழில்கள் தரகு , கிழக்கு சீனா , ஜெஜியாங் மாகாணம் புகைப்படம் , சந்தை ஒழுங்குமுறை , மைய மின்வெளி வாழ்க்கைத்தொழில்கள் தரகு , நிலை வரிவிதிப்பு , எதிர்ப்பு ஏகபோகம் சட்டம் , தெற்கு சீனா , குவாங்டாங் மாகாணம் , உலகளாவிய முறை ,

Fine on Alibaba serves to strengthen anti-monopoly awareness

Fine on Alibaba serves to strengthen anti-monopoly awareness
Hu Xijin Published: Apr 10, 2021 11:43 AM
File photo shows the Alibaba employees entering the company in Hangzhou, Zhejiang Province.Photo:Xinhua
Chinese authorities imposed an 18.23 billion yuan ($2.78 billion) fine on e-commerce mammoth, Alibaba, for its violation of the anti-monopoly law. I ve read the State Administration for Market Regulation (SAMR) s administrative punishment written decision and SAMR s administrative guidelines. The documents include many details and have a strong legal reference. I believe this punishment is a milestone for the entire economic community to establish and strengthen anti-monopoly awareness for complying with relevant laws.
The legal concept in our society is still not strong enough in general. When a new economic sphere is opened up, there are often notions that the bold will succeed while the timid will starve, and that the laws do not punish numerous offenders. ....

Administration For Market Regulation , Zhejiang Province Photo , State Administration , Market Regulation , ஜெஜியாங் மாகாணம் புகைப்படம் , சந்தை ஒழுங்குமுறை ,