China’s market regulator has summoned leading internet platform companies, including Alibaba Group (BABA), Baidu (BIDU), and JD.com (JD), demanding that they strictly comply with the relevant laws and regulations related to competition in the country.
Douyin of ByteDance (BDNCE), Tencent (TCEHY), Meituan (MPNGF), and Taobao were among other firms that participated in the discussions with the State Administration for Market Regulation on Friday.
“The SAMR demanded that these companies strictly abide by the provisions” of China’s anti-unfair competition law, the e-commerce law, the consumer rights protection law, and the price law, the agency said in a statement on Saturday.
During the discussions, the regulator also urged the companies to eliminate “involution‑style competition”—a term used in China to describe cutthroat rivalry—and work together to maintain a healthy market environment.
