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CN SAMR: Platforms Requiring Merchants to Offer 'Lowest Price Online' May Constitute Monopoly
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According to what Xinhua News Agency learned from China's State Administration for Market Regulation (SAMR), a platform's requirement for merchants to offer the "lowest price on the internet" may constitute abuse of market dominance or monopolistic agreement behavior. Liu Jian, Deputy Director of the First Division of Anti-Monopoly Law Enforcement at the SAMR, introduced the recently released "Guidelines for Anti-Monopoly Compliance of Internet Platforms (Draft for Comments)", which proposes eight new types of monopoly risks and provides practical compliance guidance for platform enterprises. For example, some platform enterprises require that the prices of goods sold by merchants on the platform must not be higher than those on other competitive platforms. This move may now constitute abuse of market dominance or monopolistic agreement behavior. AAStocks Financial News |
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