After Alibaba’s 18.2 billion yuan fine came down, three Chinese ministries and commissions jointly interviewed 34 Internet platform companies, asking them to “give full play to the warning effect of the Ali case” and requiring each platform to conduct a comprehensive self-examination and make thorough corrections within a one-month deadline. The interviews included leading companies such as Baidu and Tencent.
Communist authorities interviewed 34 Internet platform companies, asking them to “give full play to the warning role of the Ali case”
According to Chinese media reports such as Caixin.com, on April 13, China’s General Administration of Market Supervision, in conjunction with the Central Internet Information Office and the General Administration of Taxation, held an administrative guidance meeting for Internet platform enterprises. The meeting noted the need to “give full play to the warning effect of the Ali case” and requested that each platform be given a one-month deadline to conduct a comprehensive self-examination and thorough correction item by item.
According to the report, on the hot issues in the anti-monopoly field, the meeting clearly pointed out that “forcing the implementation of ‘second choice’, abuse of market dominance, implementation of ‘pinch mergers and acquisitions’, burning money to seize the ‘community group purchase’ market, and implementation of the ‘community group purchase’ market. community group purchase’ market, the implementation of ‘big data killing’, disregard for counterfeiting, information leakage and the implementation of tax-related violations must be seriously rectified.”
In the report, AFP noted that along with the rapid changes in China’s digital life, tech giants such as Ali, Jingdong and Tencent have made huge profits in the country’s relatively lax legal environment. However, Beijing has tightened its grip on monopolistic practices, misuse of consumer data and other actions in recent past months, and the interview shows that the Chinese Communist authorities are far from finished scrutinizing large tech companies.
Tencent, Baidu and other leading tech companies are among those interviewed
The official website of China’s State Administration of Market Supervision published an article by the Economic Daily, “Comprehensive rectification shows new weather of platform economy,” which begins, “The policy bottom line cannot be crossed, and the legal red line cannot be touched. With Ali’s case as a symbol, the platform economy regulation has opened a new chapter. Which put forward the rectification “must not engage in paper rectification, over the rectification, must not avoid the heavy on the light, take refuge in the easy, in strict accordance with the law,” and let the community, the media and the majority of consumers to monitor.
According to the official media “Observer” network reports, the interviewed companies are Akiyip, Baidu, shell house hunting, Drip, Dangdang, Doddle, Jingdong, Express, Meituan, Daily Fresh, Qihoo 360, Where to go, Sogou, Weidian, 58 Tongcheng, Sina Weibo, Byte Jump, Beili Beili, Dingdong buy food, Hungry, Gome, box horse Fresh, Jindo, Ctrip, Little Red Book, ReadWrite, Suning Tesco, Ali, Beibei.com, Mushroom Street, Netease (Yanzhi), Yunji, Vipshop, and Tencent. Representatives of these 34 Internet platform companies attended the meeting.
On April 10, China’s General Administration of Market Supervision (GAMS) imposed an administrative penalty on Alibaba for its “two-for-one” monopoly, imposing a fine of 18.2 billion yuan and requiring it to make comprehensive rectification and submit a self-study compliance report to GAMS for three consecutive years.
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