China issues new rules to regulate internet platform pricing
China’s cyberspace authority said on Saturday it would introduce new regulations to regulate pricing on internet platforms effective from April 10.
The rules, among other things, reiterate that platform owners must not use means like higher fees or search ranking blacklisting to force businesses on the platform to lower prices.
Authorities in China typically take a sustained and firm-handed approach toward practices they deem unfavourable to healthy and rational market development.
