![]() Alibaba is one of the most influential tech. Details Or fastest delivery Tomorrow, 17 June. Get special offers, deals, discounts & fast delivery options on international shipping with every. This is the first amendment to the law since the promulgation of the Anti-Monopoly Law in 2008 (2008 AML). The Chinese government says it is issuing a 2.8 billion fine on the e-commerce company Alibaba Group for violating its anti-monopoly regulations. Buy Funskool Games - Anti Monopoly, The Classic Real Estate Trading Game, Kids, Adults & Family, 2-6 Players, 8 & Above Online at Low Prices in India - Amazon.in Toys & Games Games Board Games 59900 FREE delivery Sunday, 18 June. Shop Anti-Monopoly Game online at a best price in Nigeria. In the beginning of 2020, China started the process to make revisions to its antitrust law for the first time since it took effect in 2008, with major changes on regulating abuse of market dominance. On June 24, 2022, the Standing Committee of the National People’s Congress of China (NPC) approved the proposed amendments to China’s Anti-Monopoly Law after a two-year review. A month later, the Central Economic Work Conference for 2021 reiterated the pledge to strengthen anti-monopoly efforts to rein in "disorderly expansion of capital." The recently enacted revisions to China’s Anti-Monopoly Law, and its extensive provisions for regulating China’s platform economy i.e., fintech and ecommerce platforms are consequential for foreign investors in China, bearing both upside and downside risks. In November 2020, the State Administration for Market Regulation issued the anti-monopoly draft rules for online platforms and made it open for public consultation. It accounts the characteristics of the platform economy and basic principles of regulator's supervision, and gives specified guidance including but not limited to monopoly agreement, abuse of dominance, and concentration of undertakings in the context of platform economy. ![]() The guidelines, drafted under the basic system of China's anti-monopoly law, consists of six chapters with 24 articles. The State Council, China's cabinet, on Sunday issued antitrust guidelines on the country's platform economy, signaling a strengthened antitrust enforcement against monopolistic behaviors in the country's internet platform sector. ![]()
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