Connect with us


China Introduces New Antitrust Rules Against Tech Giants



China has introduced new antitrust rules in the country aimed at restricting the activities of the country’s large technology companies. The corresponding bill on anti-monology was published in November last year.

The rules are expected to put pressure on the country’s leading internet services, including e-commerce sites such as Alibaba Group’s Taobao and Tmall, as well as The law also applies to payment services such as Alipay Ant Group and WeChat Pay from Tencent Holding.

The rules, published by the State Administration for Market Regulation (SAMR), prohibit companies from various behaviors, including forcing sellers to choose between the leading Internet players, which is a long-standing practice in the market.

Also, it is now impossible to force sellers to choose between supporting specific services and applications, as well as terminate actions that can fix prices, restrict technologies and use other methods of market manipulation. The State Administration for Market Regulatory Affairs said the number of reports of antitrust behavior related to the Internet is on the rise. The new rules were introduced as SAMR faces challenges in regulating the industry.

SAMR already launched an antitrust investigation against the Alibaba Group in December last year. Regulators have warned Alibaba against actions such as forcing sellers to enter into exclusive pacts and cooperation agreements that could prevent them from using competitors’ platforms.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Phones2 hours ago

Which manufacturers update the OS on smartphones the fastest: Android version 11

Google released the stable version of the Android 11 operating system on September 8, 2020. Very soon, the platform celebrated...

Phones2 hours ago

Nubia Red Magic 6 is the world’s first smartphone with Snapdragon 888 and 500 Hz screen

Nubia Technology CEO Ni Fei continues to fuel interest in the gamer-focused Nubia Red Magic 6 and Red Magic 6...

News2 hours ago

Meizu is not going to inflate the Meizu 18 lineup

The line of flagship smartphones Samsung Galaxu S21 – three models, Xiaomi is preparing to complement the Mi 11 with...

News3 hours ago

Samsung Galaxy Tab S7 Lite cannot boast of the performance of its older brothers. It is built on Snapdragon 765G

The first details about the Samsung Galaxy Tab S7 Lite tablet appeared ten days ago, and now a promising novelty...

Components3 hours ago

5nm, 96 cores, 192 threads and 12 channels of DDR5 memory. Characteristics of the most powerful AMD processors, which will be presented in the fall

While the whole world is waiting for AMD Milan server processors based on Zen 3 architecture, AMD is already working...

Phones4 hours ago

iPhone 12 finally jailbroken: jailbreak for iOS 14 released with support for all models from iPhone 6s

A team of experienced Apple mobile platform hackers Unc0ver has released a jailbreak that works on iOS 14 to 14.3...

Components4 hours ago

All parameters of the ten latest Intel Rocket Lake processors. It remains to find out about the Core i5

There is almost a month before the official start of sales of Intel Rocket Lake processors, and the announcement should...

Software5 hours ago

Many new Trojans for Android found on Google Play

Cybersecurity company Doctor Web published a report on malicious activity for mobile devices in January 2021. And although the total...

Most Popular