a set of draft rules to mitigate anticompetitive actions from large Chinese retail firms as shopping holiday Singles' Day kicks off. Alibaba, JD.com, and Tencent are among some of the firms involved in the probe as Chinese regulators look to implement rules that tackle price discrimination, the favoring of merchants that sign exclusive deals with these large retail platforms, and the mandatory collection of user data.
The new and ongoing investigations aim to prevent large firms like Amazon and Google—which both have a substantial global presence—from poaching business away from smaller companies in domestic markets. Promoting fair market competition might be even more important now because the pandemic, and accompanying coronavirus restrictions, have made it harder for small businesses to operate.
Although tighter regulations could help small businesses better compete, larger corporations may have a more difficult time operating in both domestic and global markets. Join other Insider Intelligence clients who receive this Briefing, along with other Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day.
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