Customer’s Behaviour in E Commerce in China
The rules are likely to put pressure on companies like Alibaba, JD. The new rules, released on Sunday, formalize an earlier anti-monopoly bill released in November and specify a number of monopoly practices that regulators want to crack down on. The rules, published by the State Administration for Market Regulation SAMR on their website, prohibit a number of behaviors for companies, including requiring Chna to choose between the best internet players in the country, a longstanding practice in the marketplace.
The notice also stated that it would prevent companies from fixing prices, restricting technology, and using data and algorithms to manipulate the market. In recent months, China has begun tightening controls on its tech giants and reversing a once-laissez-faire approach.
“Hidden” behavior
Less than two weeks after the meeting, China opened an investigation into Alibaba Group Holding in December of alleged monopoly practices. At the time, regulators warned the company about practices, including requiring traders to sign exclusive cooperation click at the expense of other Internet platforms. A court in Beijing has agreed to hear the case, a ByteDance representative confirmed to Bloomberg news agency on Sunday.
TikTok ecommerce push, Cuba invitations non-public enterprise, a brand new inexperienced world order. Home Regulation Anti-trust crackdown: China points new guidelines concentrating on tech companies E-Commerce Information. By On Feb 8, Companies have filed competition lawsuits even as regulators tighten their scrutiny.
Ecommerce 2020
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