News Snapshot:
China proposes regulations to curb monopolistic practices in internet industry 30 CET | News China has proposed a set of regulations to curb monopolistic practices in the internet industry. The Chinese government seeks to reduce the growing dominance of corporations such as Alibaba and Tencent, The Straits Times reports. China's antitrust watchdog is seeking feedback on a set of regulations designed to establish a framework against anti-competitive behavior such as colluding on sharing sensitive consumer data, alliances that squeeze out smaller rivals and subsidizing services at below cost to eliminate competitors.
