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China issues anti-monopoly rules for e-commerce platforms

Posted On: Feb. 10, 2021 9:32 AM CST

Regulation

 

 

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.

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