Seven Platform Companies Summoned for Regulatory Talks

Deep News
Yesterday

On February 13, China's State Administration for Market Regulation held talks with several major platform companies. The list included Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Quick Deals. The regulator called on these firms to strictly comply with laws including the Anti-Unfair Competition Law, the Price Law, the Consumer Rights Protection Law, and the E-Commerce Law. Companies were urged to proactively assume their primary responsibilities and further standardize their promotional and marketing activities. The administration reminded the relevant platform enterprises to eliminate all forms of "internal-competition" and work together to maintain a fair market environment. This effort aims to foster innovation and the healthy development of the platform economy.

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