China introduces new anti-monopoly rules for tech giants
The Chinese State Administration for Market Regulation (SAMR) tightened on Sunday anti-monopoly rules that are expected to affect the country’s tech giants, internet platforms and payment services companies.
According to the regulator, the new rules are designed to “stop monopolistic behaviors in the platform economy and protect fair competition in the market.”
“The behavior is more concealed, the use of data, algorithms, platform rules and so on make it more difficult to discover and determine what are monopoly agreements,” the SAMR said.
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