Stricter antitrust scrutiny of online economy: China Daily editorial

Mobile phone users on a subway train in Nanjing, East China’s Jiangsu province. [Photo/VCG] The State Administration for Market Regulation said it is accelerating the revision of the draft antitrust guidelines according to the public opinions it has received. Once enacted, the internet platforms will be a major target, as the contents of the draft guidelines indicate. Although enterprises, such as Alibaba and Tencent, play a crucial role in the country’s socioeconomic development, and have brought tremendous convenience to the people and business owners, the monopolies they are establishing in their respective markets must not be ignored. The administration published…