China's market regulator to launch new rules on online deals
3 years, 9 months ago

China's market regulator to launch new rules on online deals

The Hindu  

China's market regulator will launch new rules this year to clarify the responsibilities of platform companies involved in online transactions, the state-owned Xinhua News Agency said. The regulator will also accelerate the construction of a system that will collect the online transaction information in real time allowing for better monitoring and coordination, Weiwas quoted as saying on Monday which is Consumer Rights Day in China. Heightened scrutiny by Chinese regulators since December has included the announcement of a probe into e-commerce giant Alibaba, penalising Alibaba-backed and Tencent-backed firms for not seeking anti-trust reviews for deals, while other firms have also been fined for irregular pricing. It said administrative guidance can be expected on major promotional events and cited Singles' Day, the annual online shopping spree created by e-commerce giant Alibaba Group.

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History of this topic

China Anti-Monopoly Law: Market Regulator Fines Alibaba, Tencent for Failing to Report Deals
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The Independent  

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The Hindu  

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The Hindu  

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Associated Press  

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3 years, 10 months ago

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The Hindu  

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4 years ago

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The Hindu  

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The Hindu  

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Hindustan Times  

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CNN  

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4 years, 1 month ago

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China Daily  

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China Daily  

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The Hindu  

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