China’s antitrust chief declares early victory in taming ‘pick one from two’ practice in the wake of Alibaba, Meituan fines

//China’s antitrust chief declares early victory in taming ‘pick one from two’ practice in the wake of Alibaba, Meituan fines

China’s antitrust chief declares early victory in taming ‘pick one from two’ practice in the wake of Alibaba, Meituan fines

The chief of China’s newly upgraded Anti-Monopoly Bureau has declared an early victory in getting rid of the once-widespread monopolistic practice of “picking one out of two” merchants within the e-commerce sector, after the bureau’s earlier imposition of hefty fines on Alibaba Group Holding and Meituan for this offence.Gan Lin, deputy head of China’s State Administration for Market Regulation (SAMR), said in an interview with the Chinese Discipline Inspection and Supervision Daily, an official…

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By | 2021-12-20T14:30:27+00:00 December 20th, 2021|Business|Comments Off on China’s antitrust chief declares early victory in taming ‘pick one from two’ practice in the wake of Alibaba, Meituan fines