News Snapshot:
2020-December-15 Source: CCTV.com The increasing number of reports on platform monopoly indicates that there are some competition risks and hidden dangers in the development of the online economy. China's market regulator said on Monday it will fine Alibaba Group, Tencent-backed China Literature and smart locker company Hive Box 500,000 yuan ($76,460) each for not reporting deals for anti-monopoly reviews. The three cases involved are Alibaba's investment and acquisition of Intime Retail, China Literature's acquisition of New Classics Media, and Hive Box's acquisition of China Post Smart Logistics. The increasing number of reports on platform monopoly indicates that there are some...
