The State Administration for Market Regulation interviewed platform companies such as Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale
On February 13th, the State Administration for Market Regulation interviewed platform companies such as Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale, requiring them to comply with relevant laws and regulations, fulfill their main responsibilities, standardize promotional activities, and eliminate "involutionary" competition to maintain a fair competitive market environment and promote the innovation and healthy development of the platform economy
On February 13th, the State Administration for Market Regulation held discussions with platform companies such as Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Purchase, requiring these platform companies to strictly comply with the provisions of the "Anti-Unfair Competition Law of the People's Republic of China," "Price Law of the People's Republic of China," "Consumer Rights Protection Law of the People's Republic of China," "E-commerce Law of the People's Republic of China," and other laws and regulations. They are urged to actively fulfill their main responsibilities and further standardize platform promotional activities. Relevant platform companies are reminded to eliminate all forms of "involutionary" competition and jointly maintain a fair competitive market environment, promoting innovation and healthy development of the platform economy.
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