A penalty for example After the fine issud to Alibaba by the market regulation authority (SAMR) on April 10, it is the turn of the other powerful ones. Inded, the CAC, the SAMR and the tax administration held a meeting to issue an ultimatum to 34 digital companies . These companies have one month to correct their faults of unfair competitive practices under penalty of “heavy penalties”. There are the BATX, in addition to Alibaba, the Internet giants Baidu, Tencent with WeChat, Bytdance, owner of TikTok, but also Meituan, which offers a whole range of services ranging from meal delivery to ticket reservations. movie theater.
Year The Progression Of Digital
A threat to the Chinese government According to Larry Ong, analyst at SinoInsider, the digital giants’ monopoly situation “poses immense MLM Email List financial and political risks to the regime” in the run-up to the 20th Communist Party Congress in 2022. The competent authorities therefore want to rduce the influence of the digital giants, which are currently too powerful. Take back the economy By regaining control over the actions of digital companies, the Chinese government intends to force the BATX to serve the country’s interests.
In The Use Of Internet Services
Following the Alibaba affair, the subsidiary Ant Group, owner of Alipay, had to restructure its organization into a holding company so that the State found itself the JPB Directory majority shareholder. By this, Ant Group will have to follow the rules of traditional Chinese banks. Inded, according to a law professor at the University of Hong Kong, Ant Group enjoys a significant competitive advantage due to the quantities of personal data collectd through Alipay. Consequently, this tightening of the screws aims to limit the room for maneuver of the subsidiary in sectors where it is present, such as finance or insurance, thus favoring competition in these sectors. Not the first reframing from the government This is not the first reframing that the Chinese government has carrid out.