China issues new anti-monopoly rules targeting its tech giants


The guidelines are expected to put new pressure on the country's leading Internet services, including e-commerce sites and payment services.- AP

BEIJING (Reuters): China's market regulator released new anti-monopoly guidelines on Sunday(Feb 7) that target internet platforms, tightening existing restrictions faced by the country's tech giants.

The new rules formalise an earlier anti-monopoly draft law released in November and clarify a series of monopolistic practices that regulators plan to crack down on.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

China , anti-monopoly , regualtions , tech giants ,

   

Next In Aseanplus News

Asean News Headlines at 10pm on Thursday (Nov 14, 2024)
Cricket-ICC in talks with boards over non-payment of T20 World Cup dues to players
Talks spotlight cyberbullying in Brunei schools
Vietnam looks to restart nuclear power projects
Future Lao legal practitioners welcome Japan International Cooperation Agency experts’ lecture
Free condoms, HIV testing for public during Cambodian Water Festival
Late Mandopop diva Coco Lee’s grave falls into disrepair after just one year, leaving fans heartbroken
Malaysia, Singapore sign MOU to combat cross-border crime
Quiboloy undergoes more medical tests at Philippine Children’s hospital, says police
Three-day series of events to mark two years of Madani Govt

Others Also Read