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Thursday, November 21, 2024

China has issued a warning to online platform companies to stop engaging in anti-competitive behavior.

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On Tuesday, China’s market regulator met with nearly three dozen internet “platform” companies, including Tencent, ByteDance, and JD.com, and ordered them to conduct self-inspections to ensure they are not engaging in prohibited practices such as forcing vendors to use their platform exclusively.

The State Administration for Market Regulation’s directive to 34 companies comes as China expands reforms to combat anti-competitive behavior in its thriving e-commerce sector.

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