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Home›Monopolistic›China prosecuted 175 cases for monopoly conduct in 2021

China prosecuted 175 cases for monopoly conduct in 2021

By Levi Bailey
June 9, 2022
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This figure represents a 61.5% increase over the previous year.

Among the companies under scrutiny were e-commerce giants Alibaba and Meituan, internet service provider Tencent and carrier Didi.

Almost all were found to break the law by engaging in mergers, acquisitions and other activities to grow their business, as well as abusing their dominant position, blocking online services and violating rights sellers and consumer interests.

Investigations have resulted in fines worth millions for the companies involved and orders to rectify identified violations, with the express purpose of strengthening order and government-market-society relations and curbing any misconduct. inappropriate in economic activity.

China launched a strategy in 2021 to create an environment for its internet businesses governed by fair competition, transparency and legal principles over the next five years.

The initiative envisages the protection of the rights of each company and proposes to broaden communication with the private sector when regulations are revised or updated, and to counteract the abuse of administrative powers and monopolistic attitudes.

jg/llp/mem/ymr

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