Caixin
Nov 23, 2022 05:52 AM
BUSINESS

China Proposes Tougher Restrictions on Unfair Digital Competition

The State Administration of Market Regulation (SAMR) released a draft revision Tuesday of the country’s Anti-Unfair Competition Law
The State Administration of Market Regulation (SAMR) released a draft revision Tuesday of the country’s Anti-Unfair Competition Law

China is revising a law to make illegal certain notorious practices by large internet platforms such as Alibaba, Tencent and JD.com. The move is another regulatory response to big tech companies’ use of market dominance and advanced technology to undermine competition.

The State Administration of Market Regulation (SAMR), China’s competition watchdog, released a draft revision Tuesday of the country’s Anti-Unfair Competition Law and requested public comments until Feb. 22. This would be the third time for the law to be revised since its promulgation in 1993. Previous amendments were made in 2017 and 2019.

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