Yesterday, the Chinese market regulator released its new anti-monopoly guidelines, which primarily target tech giants and internet platforms.
Published on Sunday February 7, these new anti-monopoly laws complete an already existing project presented last November. After establishing a first regulation aimed at reducing the power of the country’s large technology companies, these additions made by the State Administration for Market Regulation (SAMR) aim to prevent multiple monopoly behaviors, ranging from technological restriction to market manipulation. Thus, for example, companies will be prohibited from freely setting the prices of their products, or from forcing traders to deal exclusively with a single sales platform.
Aliexpress in the sights of justice
An ambitious fight for the country, which particularly targets certain e-commerce giants, like the company Alibaba and its Aliexpress platform, owned by Chinese billionaire Jack Ma. The group is also already targeted by an antitrust investigation from the government, following the suspension of its $ 37 billion IPO plan recorded on another subsidiary Ant Group. The company is obviously not the only one concerned. Other tech giants targeted by these new antitrust laws include JD.com, and Tencent’s WeChat Pay.
Apple, the big winner in history?
If Apple is one of the great web giants on a global scale, its role is much less important in China, recalls the Apple Insider site. The company must compete with historically more present services, such as AliPay and WeChat Pay, which are still used much more today than Apple Pay in the country. These new regulations could therefore be beneficial to the Apple, which could use the situation to its advantage to impose itself more on the market.
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New Apple iPhone 12 Pro …
- 6.7-inch Super Retina XDR display
- Ceramic Shield, more resistant than the glass of any smartphone
- 5G compatibility
- A14 Bionic chip, the fastest smartphone chip
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