China Rolls Out New Anti-Monopoly Rules Aimed at Reining in Big Tech
Photo: Noel Celis (Getty Images)
China released new anti-monopoly protocols on Sunday aimed at cracking down on the country’s tech giants, Reuters reports. The guidelines, which finalize drafted legislation originally released in November, are intended to “stop monopolistic behaviours in the platform economy and protect fair competition in the market,” according to China’s State Administration for Market Regulation.
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These rules would ban China’s leading tech giants such as Alibaba Group and Tencent Holdings from engaging in a bevy of long-time practices in the marketplace. Some of these include forcing merchants to choose among the country’s largest internet providers, inhibiting technological innovation, manipulating the market using data and algorithms, and price fixing, according to Reuters.
Sumona Gupta is a student and organizer based in Tuscaloosa, Alabama.
An air of uncertainty hung above the United States on November 3, 2020 no one knew how the presidential election would play out, how long it would take to decide, when the backlash against the winner would begin, or if it would turn into violence. One thing was relatively certain, though: California would vote overwhelmingly for Joe Biden. Indeed, Biden won the state with 64.6 percent of the vote, a historically large margin.
1 However, there were also several propositions on the 2020 California ballot, the results of which were not as easily predictable. In California, ballot initiatives are a significant part of election season. California ballot measure campaigns take second place to U.S. presidential campaigns in global political spending. This is likely because of the state’s wide influence in U.S. politics and the size of its population.
KARACHI: Overseas Investors Chamber of Commerce and Industry has estimated that an enabling digital environment could boost Pakistan’s IT services’ exports to $10 billion annually from.
13 Jan in 2:00 Modern Diplomacy
Naseem Javed, a corporate philosopher, Chairman of Expothon Worldwide; a Canadian Think tank focused on National Mobilization of Entrepreneurialism Protocols on Platform Economy and exportability solutions, reasons about globalization in the world in his article
Hijacked by shortsighted pirates, stealing local grassroots prosperity to build overseas deals, destroying their own middle-classes and small medium business economies across the Western World, the nobility of the term “globalization” was lost in slow motion drama during last decades, cheered by the local national leaderships of the period as an era of the greatest economic boom, ever. Ignored was the optimization of untapped local entrepreneurial forces to uplift small medium business economies. Destroyed was the upskilling of working citizens for global competitiveness as economic forces, today, limping economies, in the shadows of Pandemic Recovery, the decimated factories and de
The Straits Times
Tech monopolies must not be ignored: China Daily
The paper says that there needs to be stricter antitrust scrutiny of China s online economy.
Although enterprises such as Alibaba and Tencent play a crucial role in China s socioeconomic development, the monopolies they are establishing in their respective markets must not be ignored, says the paper.PHOTO: REUTERS
PublishedDec 24, 2020, 11:30 am SGT
https://str.sg/JRMK
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