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China's New Antirust Rules Target Internet Giants - China Legal News

Fri, 13 Nov 2020
Categories: China Legal Trends
Editor: C. J. Observer

Chinese government issues new regulations against the monopoly of internet giants

 

On 10 Nov. 2020, the State Administration of Market Supervision (SAMR) of China issued the proposed "Guidelines for Anti-monopoly in the Field of Platform Economy” (Draft for Public Comments) (关于平台经济领域的反垄断指南(征求意见稿)). The guidelines aim to prevent and stop the monopoly of Internet platforms.

China’s Internet giants, such as Alibaba, Tencent and Meituan, are targeted by the Guidelines.

The Guidelines stipulates that: (1) Anti-monopoly Law applies to the platforms of Internet giants, and anti-monopoly regulators will regulate Internet giants. (2) Anti-monopoly regulation aims to protect the rights of operators and consumers on the platforms.

The SAMR is soliciting public opinions on the Guidelines Draft, after that, it will issue an official version.

 

 

 

 

Contributors: CJO Staff Contributors Team

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