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Chinese regulators step up regulations on online platforms to ensure sound development

January 21, 2022
Source: timesofnews.com timesofnews.com
News Snapshot:
Consumers get movie tickets they bought via online platforms in a cinema in Fuzhou, East China’s Fujian Province. File photo: CFP China’s top regulators have released a sweeping guideline on regulating various aspects of online platform businesses, including their investments in financial institutions, big data-enabled price discrimination against customers and monopolistic behaviors, to promote the industry’s sound and sustained development. The National Development and Reform Commission (NDRC), together with the State Administration for Market Regulation, Cyberspace Administration of China, the Bank of China and other departments, issued a joint statement on Wednesday, pledging to achieve a mature legal framework and...
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