News Snapshot:
mobile Alibaba’s Taobao, Tencent’s WeChat Pay, More Chinese Tech Giants Face New Anti-Monopoly Guidelines China's market regulator released new anti-monopoly guidelines on Sunday that target Internet platforms, tightening existing restrictions faced by the country's tech giants. The new rules formalise an earlier anti-monopoly draft law released in November, and clarify a series of monopolistic practices that regulators plan to crack down on. The guidelines are expected to put new pressure on the country's leading Internet services, including e-commerce sites such as Alibaba Group's Taobao and Tmall marketplaces or JD.com. They will also cover payment services like Ant Group's Alipay or...
