News > China issues new anti-monopoly guidelines targeting tech giants
China issues new anti-monopoly guidelines targeting tech giants
Business Standard | 08/02/2021 09:17 AM | Click to read full article
The guidelines are expected to put new pressure on the country's leading internet services, including e-commerce sites such as Alibaba Group's Taobao and Tmall marketplaces or JD.com. They will also cover payment services like Ant Group's Alipay or Tencent Holding's WeChat Pay.
The rules bar companies from a range of behaviour, including forcing merchants to choose between the country's top internet players, a long-time practice in the market.