The mascot for the Taobao e-commerce platform at Alibaba Group Holding headquarters in Hangzhou on August 2. Internet platforms are facing a new challenge from China’s market regulator as it prepares to roll out new rules giving more power to local regulators to govern anticompetitive behaviour in cyberspace. Photo: Bloomberg
The mascot for the Taobao e-commerce platform at Alibaba Group Holding headquarters in Hangzhou on August 2. Internet platforms are facing a new challenge from China’s market regulator as it prepares to roll out new rules giving more power to local regulators to govern anticompetitive behaviour in cyberspace. Photo: Bloomberg
Regulation

China’s Big Tech crackdown: Beijing’s targets ‘unfair competition’ online with new rules challenging internet platforms

  • A new draft regulation expands the power local market regulators have over internet platforms operated by Big Tech companies like Alibaba, Tencent and Meituan
  • The State Administration for Market Regulation is tightening its grip on cyberspace as tech stocks continue to be battered by China’s sweeping crackdown

The mascot for the Taobao e-commerce platform at Alibaba Group Holding headquarters in Hangzhou on August 2. Internet platforms are facing a new challenge from China’s market regulator as it prepares to roll out new rules giving more power to local regulators to govern anticompetitive behaviour in cyberspace. Photo: Bloomberg
The mascot for the Taobao e-commerce platform at Alibaba Group Holding headquarters in Hangzhou on August 2. Internet platforms are facing a new challenge from China’s market regulator as it prepares to roll out new rules giving more power to local regulators to govern anticompetitive behaviour in cyberspace. Photo: Bloomberg
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