Recently, the General Administration of Market Regulation (GAMR), based on reports and preliminary verification and research, opened an investigation into Alibaba Group Holding Limited’s suspected monopolistic practices such as “choosing one over the other”. This is an important step to strengthen anti-monopoly supervision in the Internet field, which is conducive to regulating the industry order and promoting the long-term healthy development of the platform economy.
In recent years, China’s online economy has flourished, with new businesses and new models emerging, playing an important role in promoting high-quality economic development and meeting the growing needs of the people for a better life. But at the same time, the online economy by virtue of data, technology, capital advantages also shows a trend of increasing market concentration, market resources to accelerate the concentration of the head of the platform, the platform on the monopoly of the problem of increasing reflection and reporting, showing that there are some risks and hidden dangers in the development of the online economy. The recent meeting of the Central Political Bureau and the Central Economic Work Conference both explicitly called for strengthening anti-monopoly and preventing disorderly expansion of capital, which received enthusiastic reactions and wide support from the society. It can be seen that anti-monopoly has become an urgent issue concerning the whole situation.
Anti-monopoly and anti-unfair competition are inherent requirements for improving the socialist market economy system and promoting high-quality development. Fair competition is the core of the market economy, and only a fair competitive environment can achieve effective allocation of resources and the elimination of the best and the worst of enterprises. Monopolies hinder fair competition, distort resource allocation, harm the interests of market players and consumers, and stifle technological progress, and are a development and safety hazard that regulators have been highly alert to. Since the birth of the online economy, China has always supported and encouraged the innovative development of Internet platform enterprises and enhanced international competitiveness. in August 2019, the “Guidance on Promoting the Standardized and Healthy Development of the Platform Economy” was issued, proposing measures such as increasing policy guidance, support and protection. It should be said that China’s platform economy and online economy are at the forefront of the world, which cannot be separated from the great era of reform and opening up, benefited from China, the world’s largest market, and benefited from the policy initiatives of government departments to encourage development and innovation. But encouragement and regulation should go hand in hand, the online economy must be in accordance with the law for innovation and development, if beyond the limits of laws and regulations, let the market monopoly, disorderly expansion, barbaric growth, will eventually make the whole industry can not achieve healthy and sustainable development. This time, the regulatory authorities launched a case to investigate the suspected monopolistic behavior of Internet companies in accordance with the law, precisely to better regulate and develop the online economy, so that the Internet industry can better move forward on the track of the rule of law.
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