All the things that allowed China’s Internet innovators to become big, powerful and hugely profitable are under threat. The implications are chilling for established players.
Draft rules detailed by China’s antitrust watchdog on Nov 10 are aimed at rooting out monopolistic practices among Internet companies, Bloomberg News reported. That could be invigorating for potential challengers to industry leaders such as Alibaba Group Holding Ltd, Tencent Holdings Ltd, Meituan and Baidu Inc.
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