China issues anti-monopoly rules for e-commerce platforms
Posted On: Feb. 10, 2021 9:32 AM CST
China’s State Administration for Market Regulation has announced new anti-monopoly rules for technology giants to address anti-competitive behavior and stop price-fixing, predatory pricing and unreasonable trading conditions, BBC reported. The guidelines will stop Alibaba Group Holding Ltd. and JD.com Inc. from misusing their market position and from forcing vendors to deal exclusively with them.