China’s Antitrust Push Unlikely To Cause “Sudden Explosion Of Cases” Says Professor
China’s latest antitrust push will not likely lead to a “sudden explosion of cases” against online platforms, according to legal expert Angela Zhang.
Her comments came after shares of Chinese tech giants like Alibaba, Tencent, and Meituan were rattled earlier in November following the release of draft rules by Beijing that defined for the first time what constitutes anti-competitive behavior.
“It’s a bit early to tell what is the next step the government is going to take but … at least this is kind of signaling a trend of stricter regulatory enforcement over these tech businesses,” said Zhang, who is associate professor of law and director of the Center for Chinese Law at The University of Hong Kong.
Commenting on the potential impact of the draft anti-monopoly rules, which are currently in a public consultation stage until November 30, Zhang told CNBC’s “Street Signs Asia” on Monday, November 23, that there are two factors to keep in mind.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI