Chinese Regulators Convene Meeting with Seven Major Platform Companies

Deep News
02/14

On February 13, China's State Administration for Market Regulation held discussions with platform enterprises including Alibaba, ByteDance's Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Quick Deals. The regulatory body instructed the involved platform companies to strictly comply with laws and regulations such as the Anti-Unfair Competition Law, the Price Law, the Consumer Rights Protection Law, and the E-commerce Law. Companies were urged to proactively fulfill their primary responsibilities and further standardize their promotional and marketing activities. Relevant platform enterprises were reminded to eliminate all forms of cutthroat competition and work together to maintain a fair competitive market environment, thereby fostering innovation and the healthy development of the platform economy.

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