
China's State Administration for Market Regulation Unveils 43 Anti-monopoly Cases
Most of them were internet enterprises, including Baidu, Alibaba, Tencent, Meituan, ByteDance, JD.com, Suning.com, Sina, 58 Group and more.
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Most of them were internet enterprises, including Baidu, Alibaba, Tencent, Meituan, ByteDance, JD.com, Suning.com, Sina, 58 Group and more.
According to the new standard, TikTok, which is owned by ByteDance, and the international version of WeChat owned by Tencent will be included in the jurisdiction.
China is moving closer to enforcing a new law that would crack down on the invasive practices of the country’s most powerful tech giants, as the draft of the Personal Information Protection Law has been submitted on Monday.
A dozen Chinese leading internet companies including Baidu, ByteDance and JD.com issued commitments on Wednesday to obey antitrust laws.
Beijing summoned 13 internet companies engaged in finance business on Thursday, including Tencent and ByteDance, ordering them to comply with tougher regulations.