The Limited Times

Now you can see non-English news...

Competition: Beijing gives tech a month to comply with the law

2021-04-13T11:59:04.710Z

Chinese authorities have given " one month " to the digital sector to correct any obstacle to competition, regulators announced on Tuesday, calling on tech players to " take into account the Alibaba case ". Read also: The disgrace of Jack Ma, founder of Alibaba and icon of Chinese capitalism The juggernaut Alibaba, pioneer of online commerce in China, was fined on Saturday of 2.3 billion euros f



Chinese authorities have given "

one month

" to the digital sector to correct any obstacle to competition, regulators announced on Tuesday, calling on tech players to "

take into account the Alibaba case

".

Read also: The disgrace of Jack Ma, founder of Alibaba and icon of Chinese capitalism

The juggernaut Alibaba, pioneer of online commerce in China, was fined on Saturday of 2.3 billion euros for abuse of a dominant position.

The group has been criticized in particular for requiring the exclusivity of traders wishing to sell their products on its platforms, to the detriment of competing sites.

34 companies convened

On Tuesday, 34 digital companies, including internet giants Baidu, Tencent (WeChat) and ByteDance (owner of TikTok), were summoned by regulators to discuss barriers to competition, the Administration said in a statement. Chinese Cyberspace (CAC).

Unfair competition "

is a brake on innovation and development and harms the interests of [...] consumers

", underlined the CAC.

In addition to this body, the Market Regulatory Authority (SAMR) and the Tax Administration also took part in the meeting.

Regulators have given digital players one month to comply, under penalty of "

severe penalties

".

Internet and digital companies are particularly dynamic in China, where previously relatively lax legislation, particularly on data, and the absence of foreign competitors, have allowed local giants to emerge.

Beijing has, however, shown more firmness towards the sector in recent months.

Already in March, a dozen tech companies were convened by the regulator to discuss online security.

Read also: America tightens Chinese companies' access to Wall Street

The meeting focused in particular on regulations around features involving voice, after the ban in China of Clubhouse, an American application that allows users to participate in live conversations, by invitation.

Source: lefigaro

All business articles on 2021-04-13

You may like

Life/Entertain 2020-12-15T15:50:08.971Z

Trends 24h

Business 2021-05-05T23:17:39.533Z
Business 2021-05-06T10:44:02.245Z

Latest

© Communities 2019 - Privacy