China on Tuesday released draft rules targeting monopolistic practices in the internet industry for the first time, as Beijing seeks to curtail the growing dominance of the industry's giants such as Alibaba Group and Tencent Holdings Ltd.
The rules released by China’s State Administration for Market Regulation (SAMR) establishes a framework for curbing anti-competitive behaviour such as colluding on sharing sensitive consumer data, alliances that squeeze out smaller rivals and subsidizing services at below . . .
To continue reading, please subscribe. What will you get?
- ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES
- THE WIRE - Walk you through every trading day in mainland China and Hong Kong.
Real-time experience - Up-to-the-minute updates of market-moving news and views.
All-in-one platform - Information collected via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China.
Details - General information is everywhere, but information with details is rare.
- WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.
Already have an account? Sign In