China releases strict anti-monopoly rules for country’s tech giants: Key things to know
China's market watchdog has unveiled new anti-monopoly guidelines targeting internet platforms. These rules aim to ensure fair competition and prevent inflated prices by restricting algorithmic pricing coordination and ending "all-network lowest price" demands. Exclusive partnerships are now prohibited, and platforms cannot force merchants to offer better deals than rivals. Additionally, discriminatory pricing based on user data is discouraged.
China's market watchdog has unveiled new anti-monopoly guidelines targeting internet platforms. These rules aim to ensure fair competition and prevent inflated prices by restricting algorithmic pricing coordination and ending "all-network lowest price" demands. Exclusive partnerships are now prohibited, and platforms cannot force merchants to offer better deals than rivals. Additionally, discriminatory pricing based on user data is discouraged.
